It consists of some elements that are regularly employed and others that can be activated should the need arise. In particular, the framework foresees, on the one hand, regular weekly and monthly open market operations, which are the standard main channels for the flow of liquidity to the banking sector.
At the same time, standing facilities are available to all counterparties at any time, meaning that banks can deposit or borrow overnight liquidity in unlimited amounts,  BIS Review 18/2008  1  provided that they have adequate collateral available.