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Banks rush TFF funding as deadline looms Banks rush TFF funding as deadline looms 10 June 2021 5:49AM Australian banks are making a late dash for billions in money from the Reserve Bank’s Term Funding Facility before the scheme closes at the end of the month. RBA assistant governor Christopher Kent revealed on Wednesday that banks had drawn A$145 billion from the TFF since the scheme was launched in April last year. Kent’s disclosure is significant because it indicates there was a flurry of funding activity over the last week as eligible banks finalised claims to their remaining allocations under the scheme. ....