And we are widening 1  BIS Review 122/1999  the range of collateral they can use to secure loans from the Bank. We have also announced arrangements to prevent any unusual liquidity demands from putting upward pressures on money market interest rates in Canada around the end of the year.
So, there should be no reason for any material Year 2000 risk premium in Canadian interest rates. In summary, the Canadian financial sector is well-prepared for the century changeover. All participants, including the Bank of Canada, have made contingency arrangements. Should unexpected glitches develop, these arrangements will provide a quick, effective response to minimize any disruptions.