Amadeusz Juskowiak

New dutch advances total 48 billion guilders

The Dutch Central Bank said it has accepted bids totalling 48 billion guilders at tender for new sevenday special advances at 53 pct covering the period March 2 to 9 aimed at relieving money market tightness

Subscriptions to 300 mln guilders were met in full amounts above 300 mln at 50 pct

The new facility replaces old fiveday advances worth 80 billion guilders at the same rate

Dealers expect this weeks money market shortage to be around 12 billion guilders