Notice issued by the Bank of England on 26 November 1986.
This notice explains the Bank of England's attitude to the issue of certificates of deposit and other short-term paper instruments by deposit-taking institutions. It replaces the Bank's notices on certificates of deposit of 30 June 1983, 26 November 1984, 22 October 1985 and 29 April 1986. Attention is also drawn to the existence of publications by the British Bankers' Association and by the International CO Market Association which provide guidance on market practices (including recommended minimum security) when issuing or trading sterling and foreign currency certificates of deposit, respectively.
Short-term paper issues by deposit-taking institutions