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Home > Markets > Asset Purchase Facility - Credit Guarantee Scheme Facility

Asset Purchase Facility - Credit Guarantee Scheme Facility

The Credit Guarantee Scheme Facility gave the Bank of England the option to purchase bonds issued by banks under HMG's Credit Guarantee Scheme (CGS). To gauge market conditions, the Bank engaged in regular dialogue with intermediaries and also consulted with issuers and investors. As it was not deemed necessary to activate this facility, on 15 November 2010 the Bank announced the withdrawal of the CGS Bond Secondary Market Scheme.

More information on HMG’s Credit Guarantee Scheme can be found on the Debt Management Office website.

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