290 ENHANCED INTRADAY LIQUIDITY FACILITY

290      ENHANCED INTRADAY LIQUIDITY FACILITY

The ILF is a smoothening mechanism which is available to eligible participant banks in the Philippine Payments and Settlements System (PhilPaSS) to support their liquidity requirements and avoid payment gridlocks in PhilPaSS. The revised features of the enhanced intraday liquidity facility are in Appendix 18.