Liquidity Support Facility for Northern Rock plc

Tripartite Statement by HM Treasury, Bank of England and Financial Services Authority.
Published on 14 September 2007

The Chancellor of the Exchequer has today authorised the Bank of England to provide a liquidity support facility to Northern Rock against appropriate collateral and at an interest rate premium. This liquidity facility will be available to help Northern Rock to fund its operations during the current period of turbulence in financial markets while Northern Rock works to secure an orderly resolution to its current liquidity problems.

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