http://www.legislation.gov.uk/uksi/1998/1130/schedule/paragraph/12/made

The Cash Ratio Deposits (Eligible Liabilities) Order 1998

Banking

Building societies

King's Printer of Acts of Parliament

2016-08-04

BANKS AND BANKING

Schedule 2 to the Bank of England Act 1998 makes provision concerning the maintenance by certain institutions of cash ratio deposits with the Bank of England (“the Bank”). Institutions which are covered by these arrangements are those authorised under the Banking Act 1987, certain European authorised institutions which have lawfully established branches in the United Kingdom for the purpose of accepting deposits, and building societies authorised under the Building Societies Act 1986. The Bank is enabled to give an institution a written call notice specifying the amount of cash ratio deposit it is expected to have on deposit with the Bank during a specified period. This depositable amount is to be calculated by applying the appropriate ratio (or ratios) to an institution’s liability base. An institution’s liability base comprises those sterling and foreign currency liabilities of the institution which are eligible liabilities.