Sterling Money Markets Liaison Group

The Money Market Liaison Group (MMLG) was established in 1999. It comprises representatives from market participants, trade associations and the authorities. It provides a forum for discussion of structural issues concerning money markets. The terms of reference and future dates of meetings of the MMLG can be found below:

An MMLG Operations Sub-Group has also been established. The Sub-Group's work will typically be in response to requests from MMLG, although members may also raise issues themselves. The sub-group comprises representatives from the operations and treasury areas in a range of sterling money market participants, together with representatives from key supporting infrastructure providers. The terms of reference, work programme and future dates of meetings of the MMLG Operations Sub-Group can be found below:

Publications

The MMLG maintains a contingency matrix (below), which summarises how the main infrastructure providers would respond to different operational contingencies and how different decisions will be taken. The matrix is reviewed regularly.

In 2003, the MMLG published a review of voluntary guidelines for issues by authorised institutions in the UK of certificates of deposit.

Dematerialisation and settlement of Money Market Instruments in CREST was agreed in 1999 and completed in 2003. For more detail about this process see: Money Market Instruments: Dematerialisation and Settlement in CREST.

A practical guide for all prospective issuers of Eligible Debt to Securities, published by Euroclear UK & Ireland Limited (formerly CRESTCo) and the terms of issuance required to constitute securities and to enable them to be issued into CREST can be found below:

Minutes of meetings held in 2009

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