1. 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).
The applicable ratio for the next adjustment to CRD’s, due on Monday 3 December 2018, will be published on the Bank’s website on 20 November 2018, the Bank will issue call notices to CRD-payers (which will include this revised CRD ratio) shortly thereafter. This CRD ratio will be applied to average ELs in excess of £600 million over the previous six end-calendar months. Further information on how the applicable ratio is calculated can be found here.
You will have been contacted asking for your updated contact details. Please ensure your details are correct and returned to the Data Reception team by the deadline set on the request form.