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 Thursday 1 December 2016, based on data reported in Form ELS item £A (total eligible liabilities) for the months of May to October 2016. The deadline for revisions to ELs to be reflected in the December adjustment is 5pm on Wednesday 16 November 2016; call notices will be issued shortly thereafter. Amendments to Form ELS item £A must be re-submitted via OSCA. Form PB reporters Form ELS must be submitted by working day 10, Form BT by working day 12 and all revisions to ELs for the December CRD adjustment must also be submitted by working day 12. If there are any queries relating to CRDs, please contact Emily Fields on +44 (0) 207 601 5501 or email email@example.com.
Updated definitions for Form BT from January 2017 data reporting onwards
The BT definitions, effective for January 2017 data reporting, will be amended for item 19CDA (capital and other internal accounts of which: inward investment). This item will be amended to remove the requirement to ‘look through’ a UK holding company to the non-resident parent company for this item.
The current definitions are available on the Bank’s website.
If you have any questions, please email SRDD_MS@bankofengland.co.uk.
BT to BT cross form validations
Please note that the following BT to BT validations will no longer appear under cross form validations on OSCA. Whilst we would expect these validations to hold most of the time, there are occasions when they would not. Therefore, these rules will be reviewed internally by our analysts as part of the usual plausibility process and queries raised as required.
If you have any questions, please email firstname.lastname@example.org.
LN Validation Changes (effective from end-October 2016 reporting)
With effect from end-October 2016 reporting, the Bank of England will be placing additional validation checks on data submitted via Form LN. At submission, additional in-form validation rules will be applied to ensure all gross lending and repayments data are submitted as a positive value. All other validation checks will remain the same.
More details on these additional validation checks, effective from end-October 2016 reporting, can be found on the Bank's website.
If you have any queries regarding these changes, please contact Scott Brind on +44 (0) 20 7601 4734 or email Scott.Brind@bankofengland.co.uk.