Banks were able to borrow up to 3 per cent of their total lending (around $ billion) until end September 2020 (against high-quality collateral). Banks had until March 2021 to draw down any additional allowances they might have accumulated owing to lending to businesses.
[17] The size and duration of the TFF was extended in September 2020, when an additional 2 per cent could be accessed until end June 2021 (the deadline for drawing down additional allowances related to business lending was also extended to this date).