Settlement and collateral management

How financial institutions can get their settlement processed quickly and manage their collateral

Standard Settlement Instructions

The fastest way to get your collateral settlement through our system is to use our Standard Settlement Instructions (SSIs) and templates.

Our settlement instructions give cash and security settlement instructions for:

Templates

ExcelConfirmation template

PDFConfirmation template user guide

PDFLoan collateral transfer notice: Bank of England

PDFLoan collateral transfer notice: Bank of England Asset Purchase Facility Fund Limited

Your static data

You must give us static data. We will ask you for this data each time you apply for an operation for the first time.

Tell us if your data changes

You must let us know if your static data changes. Allow us at least three days to make the changes. We will try to do it faster if we can. 

Use our data collection form and make sure the people who sign it at the end match the names on your firm’s authorised signatory list.

Send us your firm’s authorised signatory list with the form. Your list must include:

  • the full name of the participating institution
  • the effective date of the list
  • certification by the company secretary (or equivalent person able to certify) that the signatures are true and authentic
  • whether each authorised signatory can act alone or if joint signatories are required.

Email your signed form to: cmc.ssi@bankofengland.co.uk.

We assume the signatory list you give us is valid and up to date. You are responsible for letting us know if the signatory list you have given us needs to be updated.

Our records are based on the information you give us on your form. You are responsible for making sure that information is accurate. 

If you do not complete the form correctly, you send it late or you send it to the wrong email address - we may use obsolete account details for collateral or payment instructions.

Corporate bond and gilt purchases forms

Corporate Bond Purchase Scheme applicants should complete the operational contacts and settlement information form.  

Gilt Purchases applicants should use the gilts data collection form.

Eligible collateral 

When we lend through our market operations, either on our own behalf or as agent for the Bank of England Asset Purchase Facility Limited (BEAPFF), we lend against collateral delivered by firms. This collateral has to good enough so we can sell or keep it, if a counterparty fails to repay us. 

We have set out the eligible collateral for each of the operations and the legal documentation you will need to use on our eligible collateral page

PDFList of approved links between Euroclear/Clearstream and National CSDs for delivery of securities

Managing collateral

How we manage collateral 

We use a pooling model to manage the collateral we hold. Find out more about how this works in our Frequently asked questions document and presentation.

There is more information about how we manage collateral in our Sterling Monetary Framework operating procedures and Term Funding Scheme operating procedures.

View and manage your collateral 

Use our Collateral Management (CM) Portal to view and manage your collateral when you sign up to our operations. Our user guide tells you more about the portal and how it works. 

To register a new account, or change details on an existing account, fill in our registration form and return it to: cmc.ssi@bankofengland.co.uk

The portal is a SWIFT based interface. To use the portal your institution needs to join both the test and the live SWIFT closed user groups (CUGs). Apply to join those groups here:

CUG registration details  Owner  Link 
Collateral Management Portal - trail (test)  BKENGB2L  Subscribe 
Collateral Management Portal (live)  BKENGB2L  Subscribe 

For more information about the CM Portal or SWIFT registration process email BSCMC@bankofengland.co.uk

This page was last updated 21 September 2018
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