Market Support Programs

Secured Commercial Paper Facility (UK)

Announced: July 30, 2009

Purpose

To improve the functioning of markets for the raising of short term working capital

Key Terms

  • Announcement Date
    July 30, 2009
  • Facility Opened
    August 3, 2009
  • Facility Closed
    August 4, 2016
  • Peak Quarterly Purchases
    £30 million
  • Managed by
    Bank of England; HM Treasury

Key Design Decisions

Purpose of MLP1

Program Size1

Program Duration1

Eligible Institutions1

Haircuts1

Eligible Collateral or Assets1

Participation Limit2

Key Program Documents

Taxonomy

Intervention Categories:

  • Market Support Programs

Countries and Regions:

  • United Kingdom

Crises:

  • Global Financial Crisis