BoE launches new market operations: BoE is introducing the Indexed Long-Term Repo operations and Contingent Term Repo Facility, as part of the changes to its approach to liquidity insurance that it announced last year (see FReD 1 November 2013). The latter allows BoE, in response to market-wide stress, to provide liquidity against the full range of eligible collateral at any time, term and price it chooses. (Source: Indexed Long-Term Repo Operations and Contingent Term Repo Facility)