1. The computer systems at the Grid Control Centre are supported by standby facilities on site and at a remote location. 2. Along with the rate reduction, the central bank said it would establish a standby lending facility for commercial banks at the new discount rate. 3. Philippine officials and the IMF team are still negotiating on the possible granting of the standby facility. 4. Another official said Singapore has proposed that countries which have pledged standby facilities for Indonesia use the credit to establish the trade guarantee mechanism instead. 5. Boyne was also confident government would not have any problems complying with the monetary and fiscal policies to be put in place in connection with the standby facility. 6. He said the repo market was a standby facility given to banks, which could gain knowledge and ability to improve their short-term liquidity. 7. The Asian Monetary Fund would have been a standby facility with equal contributions from participating countries. 8. The framework includes the establishment of a standby facility for Asian countries facing economic problems. 9. Treasury secretary-general Tan Sri Clifford Herbert said the proposed standby facility, or Asean Fund, is a confidence-building initiative of Asean. |