Special Liquidity Scheme
The Special Liquidity Scheme (SLS) was introduced in April 2008 to improve the liquidity position of the banking system by allowing banks and building societies to swap their high quality mortgage-backed and other securities for UK Treasury Bills for up to three years. The Scheme was designed to finance part of the overhang of illiquid assets on banks' balance sheets by exchanging them temporarily for more easily tradable assets.
The drawdown period for the SLS closed on 30 January 2009. For more information on use of the Scheme, see the Market Notice dated 3 February 2009 
(16k) .
Although the drawdown window to access the SLS has closed, the Scheme will remain in place for three years, thereby providing participating institutions with continuing liquidity support and certainty.
Latest Information
- Market Notice: Summary of Changes to Collateral Haircuts in Official Operations (20k)
25 September 2009 - Updated Market Notice: Special Liquidity Scheme (79k)
25 September 2009
Information for Participants
