Money Markets

Certificates of Deposit

Bank of Scotland plc is an active direct issuer of tap CDs and ECP and offers prices in all periods from 1 month to 1 year. We will issue on request in most actively traded currencies and provide up to date indicative prices via Bloomberg - HBOS3 or from BOSdeal.com for registered users.

Euro CDs (ECDs)

• Multi-currency, maturity restrictions per currency
• Annual compounding interest, Zero coupon, discounted and selective floating rate and callable issuance

Issued from London branch: +44  (0) 207 256 1010

Negotiable CDs (NCDs)

• Discounted Australian Dollar notes, sub 2 years
• Bank of Scotland plc holds PRIME Bank status in Australia

Issued from Australia branch: +612 8235 0563

Yankee CDs (YCDs)

• Annual interest and floating rate US Dollar issuance, sub 2 years.

Issued from New York branch: +212 599 4181

 

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Commercial Paper: Unsecured Issuance

Bank of Scotland plc has 4 formal issuance programmes

Euro Commercial Paper Programme            €15bn
Description	Discounted commercial paper and certificates of deposit Multi-currency on approval, sub 365 days             Bank of Scotland plc Treasury Division London and Australia branches are co-issuers Final maturity and selective floating rate issuance

French Domestic Commercial Paper Programme            €10bn
Description	Discounted Euro certificates of deposit, sub 365 days Bank of Scotland plc Treasury Division London and Australia branches are co-issuers

USD Commercial Paper Programme            $25bn
Description	Discounted notes, sub 270 days, settling cash, reg and skip Bank of Scotland plc Treasury Division London, Australia and New York branches are co-issuers Regulatory 3(a)3            Act/360 Final maturity and Libor floating rate issuance

Canadian Commercial Paper Programme            C$4bn
Description	Canadian and US Dollar discount notes, sub 365 days Canadian Rating R1-High            Act/365   Final maturity and Libor floating rate issuance

Contact: Bank of Scotland Treasury - Funding & Liquidity Sales +44 (0) 207 256 1010

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Cash Instruments

Bank of Scotland plc Treasury Division fulfils a central funding role for the HBOS Group.  As a result we are a major participant in all aspects of the Sterling money markets.  We also have substantial books in USD, EUR and CAD cash products as well as various other currencies.  We therefore pay competitive rates of interest on time deposits covering 17 global currencies and a variety of structures.

For further information please contact Funding & Liquidity Sales: + 44 (0) 20 7256 1010

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Repo and Reverse Repo

Treasury's London office manages a significant repo business to facilitate liquidity and to trade in senior credit markets.

Our portfolio covers UK, US and European Governments, European Corporate bonds and some bank secured and unsecured notes.

We actively quote UK Gilt and European Government bond repo and stock lending prices.

For further information please contact Funding & Liquidity Sales: +44 (0) 20 7256 1010

 

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