Cash Ratio Deposits (effective immediately)
Cash Ratio Deposits (CRDs) are non-interest bearing deposits lodged with the Bank of England by eligible institutions (i.e. banks and building societies), who have reported average eligible liabilities (ELs) in excess of £600 million over a six-month calculation period. The level of each institution’s CRD is calculated twice yearly (in May and November) at 0.18% of average ELs in excess of £600 million over the previous six end-calendar months.
The next adjustment to CRDs is due to take place on Tuesday 1 December 2015, based on data reported in Form ELS item £A (total eligible liabilities) for the months of May 2015 to October 2015. The deadline for revisions to ELs to be reflected in the December adjustment is 5pm on Tuesday 17 November 2015; call notices will be issued shortly thereafter. Amendments to Form ELS item £A must be re-submitted via OSCA.
Institutions reporting form PB, in order to submit form BT on working day 12, are reminded that form ELS must be submitted on time. Please also be aware that the final deadline for revisions to form ELS for the June CRD adjustment falls on working day 12.
If you have any queries relating to CRDs, please contact the compliance team on +44 (0) 207 601 5360 or email srddcompliance@bankofengland.co.uk.
Change to Form PL validations (effective end-March 2016 reporting)
A correction has been made to the new PL validations due to come into effect from 2016 Q1 reporting. This affects validations numbers 201 and 266 that were incorrectly removed and have now been reinstated.
If you have any other questions please contact srddplteam@bankofengland.co.uk.
Change to Form CX (effective immediately)
Following on from the 2014 rolling review changes to Form CX, the definition for CX8 and CX9 changed to ‘Other capital expenditure’ from ‘Assets for other leasing, hiring and renting out’. The intended change was only included in the initial Statistical Notice and within the definitions, yet it was omitted on both the form and box codes. These have now been changed with immediate effect to come into line with the reporting definitions.
If this impacts any reporter please contact srddplteam@bankofengland.co.uk. We have also made additional clarifications within the definitions though this will not affect reporting.
Reminder – Form BG rolling review (effective end-March 2016 reporting)
This is a reminder regarding implementation of the new Form BG, to be reported for the first time in May 2016.
For details of the changes being made, please refer to item 3 of the 2015/01 Statistical Notice.
If you have any questions regarding the Form BG, please contact Fida Hussain on +44 (0) 20 7601 3519 or email fida.hussain@bankofengland.co.uk, or Tristan Broderick on +44 (0) 20 7601 4340 or email tristan.broderick@bankofengland.co.uk.
Reminder – Form ER rolling review (effective end-January 2016 reporting)
This is a reminder regarding implementation of the new Form ER, to be reported for the first time in February 2016.
For details of the changes being made, please refer to item 4 of the 2015/01 Statistical Notice.
If you have any questions regarding the Form ER, please contact SRDD_IR@bankofengland.gsi.gov.uk, Louise Johnston on +44 (0) 20 7601 3426 or email louise.johnston@bankofengland.co.uk, or Hannah Phaup on +44 (0) 20 7601 5281 or email hannah.phaup@bankofengland.co.uk.
Reminder – Form GT rolling review (effective end-January 2016 reporting)
This is a reminder regarding implementation of the new Form GT, to be reported for the first time in February 2016.
For details of the changes being made, please refer to item 5 of the 2015/01 Statistical Notice.
If you have any questions regarding the Form GT, please contact Alisha Patel on +44 (0) 20 7601 5161 or email alisha.patel@bankofengland.co.uk, or Christopher Handler on +44 (0) 20 3461 6665 or email christopher.handler@bankofengland.co.uk.
Reminder – Form HC rolling review and replacement by new Form BH, FOR HOLDING COMPANIES ONLY (effective end-March 2016 reporting)
This is a reminder regarding implementation of the new Form BH, to be reported for the first time in October 2016.
For details of the changes being made, please refer to item 6 of the 2015/01 Statistical Notice.
If you have any questions regarding the Form BH, please contact Priya Marwaha on +44 (0) 20 7601 3306 or email priya.marwaha@bankofengland.co.uk, or Tristan Broderick on +44 (0) 20 7601 4340 or email tristan.broderick@bankofengland.co.uk.
Reminder – Form LN rolling review (effective end-January 2016 reporting)
This is a reminder regarding implementation of the new Form LN, to be reported for the first time in February 2016.
For details of the changes being made, please refer to item 7 of the 2015/01 Statistical Notice.
If you have any questions regarding the Form LN, please contact Kieran Jones on +44 (0) 20 3461 6504 or email kieran.jones@bankofengland.co.uk, or Scott Brind on +44 (0) 20 7601 4734 or email scott.brind@bankofengland.co.uk.
Reminder – Form PL rolling review (effective end-March 2016 reporting)
This is a reminder regarding implementation of the new Form PL, to be reported for the first time in May 2016.
For details of the changes being made, please refer to item 8 of the 2015/01 Statistical Notice.
If you have any questions regarding the Form PL please contact SRDDPLTeam@bankofengland.co.uk, Fida Hussain on +44 (0) 20 7601 3519 or email fida.hussain@bankofengland.co.uk, or Tristan Broderick on +44 (0) 20 7601 4340 or email tristan.broderick@bankofengland.co.uk.