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Home > Markets > Asset Purchase Facility - Documentation

Asset Purchase Facility - Documentation

The Documentation for APF Gilt Purchases is made up of the APF Terms and Conditions, Settlement Procedures below and the current consolidated Market Notice.
Documentation for the Asset Purchase Facility Corporate Bond Purchase Scheme will be available from early September 2016.
Documentation for the Asset Purchase Facility Term Funding Scheme will be published separately and will be available from mid-August 2016.
Terms and conditions

The Terms and Conditions are in two parts, those applying to all transactions under the APF; and additional set if transactions are being entered into using Btender, the Bank's Electronic Tendering system.

APF Terms and Conditions 
This version applies to all existing transactions outstanding on 30 July 2009, and to transactions entered into on or after this date.

APF Btender T&Cs 
5 March 2009

Previous versions of the APF Terms and Conditions can be found below.

 Terms and conditions dated 11 February 2009 
 Terms and conditions dated 6 February 2009 

Settlement procedures

Current settlement procedures 
4 August 2016

Previous versions of the APF Settlement Procedures can be found below.

Settlement procedures dated 7 October 2011   
Settlement procedures dated 29 March 2010 
Settlement procedures dated 15 June 2009 
Settlement procedures dated 5 March 2009 


Btender, the Bank's electronic tendering system is used to conduct all corporate bond auctions purchases. All counterparties must use Btender. Access to SWIFTnet is required.

PDF icon User guide for Btender
PDF icon Btender Quick Reference Guide