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 June 2017, based on data reported in Form ELS item £A (total eligible liabilities) for the months of November 2016 to April 2017. The deadline for revisions to ELs to be reflected in the June adjustment is 5pm on Wednesday 17 May 2017; 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 June CRD adjustment must also be submitted by 5pm on working day 12. If there are any queries relating to CRDs, please contact Emily Fields on +44 (0) 203 461 5501 or email dsdcompliance@bankofengland.co.uk.
Amendments for Form IC and IO resulting from the Form Review (effective for April 2018 data)
The review of the Forms IS, IC and IO have been completed as part of the rolling programme of reviews of statistical returns outlined in the Bank’s Statistical Code of Practice. Under the review, users of the data were consulted regarding their current and future requirements. Based on these consultations, the benefits of Form IC and IO items were assessed and proposed changes to the forms drafted. There were no changes proposed for Form IS. These proposals were subsequently discussed with industry representatives in the BBA Statistical Advisory Panel.
The new versions of the Forms, Validation Forms, Definitions and Validations can be viewed on the Bank's website.
In summary:
Changes to the Form IC (effective for April 2018 data)
Additions:
Repayments during the month (XFKD5) to be broken down by type:
- Full repayments during the month
- Minimum repayments during the month
- Other repayments during the month
- Unanalysed repayments during the month
Changes to the Form IO (effective from May 2018 reporting for April 2018 data)
Additions:
Gross lending in the month (XFKF1) to be broken down by product type:
- For other mortgages
- For motor finance products
- For personal loans
- For other advances
- For unanalysed advances
Net loan sales (-), purchases (+) and other transfers during the month (XFKF2) to be broken down by product type:
- For other mortgages
- For motor finance products
- For personal loans
- For other advances
- For unanalysed advances
Repayments during the month (XFKF5) to be broken down by product type:
- For other mortgages
- For motor finance products
- For personal loans
- For other advances
- For unanalysed advances
Amount outstanding at current reporting date (XFKF) to be broken down by product type:
- For other mortgages
- For motor finance products
- For personal loans
- For other advances
- For unanalysed advances
The first period for reporting the new Forms IC and IO will be April 2018 data.
If you are likely to have any problems introducing these changes in the proposed timescales or have any queries relating to these changes, please contact Amanda Wong on +44 (0) 203 461 8911 or email amanda.wong@bankofengland.co.uk, or Patrick Manaton on +44 (0) 203 461 3022 or email patrick.manaton@bankofengland.co.uk.