Statistical Notice 2019/04

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder.
Published on 15 October 2019

1. Statistical Notice: 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 2 December 2019, will be published on the Bank’s website on 20 November 2019, 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 be contacted shortly 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.

The deadline for revisions to ELs to be reflected in the December adjustment is 5pm on Monday 18th November 2019.

2. Green Notice: Discontinuation of form VP

The Bank is proposing to discontinue collection of Form VP, with the End-September 2019 reporting being the last.

The discontinuation of this collection will mean that the Securitisation SPV and Covered Bond LLP lists will no longer be updated, but the current lists will continue to be accessible on the website.

The Bank is therefore seeking views of reporters before a final decision is made. Please email these, or any other related queries or comments, to DSD.Compliance@bankofengland.co.uk by end of November.

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