BoE issued a statistical notice setting out that the applicable ratio for the next adjustment to cash ratio deposits is due on June 01, 2020 and the data will be published on May 21, 2020 on the BoE website. BoE will issue call notices to cash ratio deposit-payers (which will include this revised cash ratio deposit ratio) shortly thereafter. This ratio will be applied to average eligible liabilities in excess of GBP 600 million over the previous six end-calendar months. The deadline for revisions to eligible liabilities to be reflected in the June adjustment is May 19, 2020.
Cash ratio deposits are non-interest bearing deposits lodged with BoE by eligible institutions (banks and building societies), which have reported average eligible liabilities in excess of GBP 600 million over a six-month calculation period. The level of cash ratio deposit of each institution is calculated twice every year, in May and November.
Related Link: Statistical Notice
Keywords: Europe, UK, Banking, Statistics, Cash Ratio Deposits, Eligible Liabilities, Statistical Notice, BoE
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