Apply to take part in Covid Corporate Financing Facility (CCFF) operations
The Bank will purchase commercial paper that meets the eligible securities criteria outlined in the CCFF Operating Procedures. This can be issued in the primary market from dealers that have been admitted to the CCFF, acting as principal on behalf of eligible issuers. The Bank may also purchase CP in the secondary market from dealers that have been admitted to the CCFF.
More information can be found in the Operating Procedures
Information for companies (issuers of Commercial Paper)
If you have spoken to you finance provider, this section is for you. If you have not spoken to your finance provider, please follow the steps in the above Q&A.
After speaking with your bank, if you are unsure whether you are eligible, please contact us on CCFFeligibleissuers@bankofengland.co.uk.
If, after speaking with your bank, you believe you are eligible then you will need to complete the following documents.
Information for dealers
In order to be able to take part in the CCFF, in either the primary or secondary market, dealers will need to be appropriately authorised for the purposes of the Financial Services and Markets Act 200 (FSMA).
In order to apply, dealers must complete the CCFF Application Form. The form includes a section for Authorised Signatory Evidence (on page 6); guidance on completing this part of the form is provided below.
If you are admitted into the CCFF you will be asked to sign an Admission Letter agreeing to the CCFF Terms & Conditions. A copy of the CCFF terms and conditions can be found below.
If you wish to offer the bank commercial paper on the secondary market, you will also be required to complete an Issuer Eligibility Form for this commercial paper.