In this way counterparties were able to reduce their net need for liquidity over a longer horizon. A special tender with full allotment of all bids occurred again on 18 December 2007, when, due to year-end liquidity tensions, it was deemed efficient to leave to the market to determine the exact allotment amount.
This overall allotment amounted to EUR 349 billion (USD 503 billion at the exchange rate prevailing at the date).