IMLFInternational Manufacturing Leaders Forum (Australia)
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The IMLF facility will provide funding on an overnight basis for banks which are able to provide eligible securities and instruments as collateral.
Under this arrangement, banks will deliver securities to the Triparty Custody Account of CBUAE with the designated Triparty Agent and will receive IMLF funds through the UAE Funds Transfer System (UAEFTS) in their current accounts at the CBUAE.
Banks accessing the IMLF must borrow a minimum of Dh10 million ($2.7 million) and will be charged 100 basis points over the official UAE Repo Rate for doing so, according to a separate document on the central bank's website.