The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Bank of England's Special Liquidity Scheme ends

Goodbye SLS, hello APF.

The drawdown period for the Bank of England’s Special Liquidity Scheme (SLS) ended on January 30. The government has followed the initiative with the introduction of an Asset Purchase Facility (APF), which came into effect on February 2. Under the APF the Bank of England is authorized to purchase high-quality private sector assets, which includes paper issued under the credit guarantee scheme, corporate bonds, commercial paper, syndicated loans and some ABS created in "viable" securitization structures. The government will also create a new guarantee scheme for ABS that will involve full or partial guarantees being attached to triple-A rated mortgage, corporate and consumer debt.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree