Settlement and collateral management

Standard Settlement Instructions

The fastest way to get your collateral settlement through our system is to use our Standard Settlement Instructions (SSIs) and templates.

Our settlement instructions give cash and security settlement instructions for:

• Security collateral in relation to Sterling Monetary Framework, Term Funding Schemes, Liquidity Facility in Euros and US dollar repo operations
• Security settlement for Discount Window Facility gilts, Asset Purchase Facility gilts
• Cash settlement instructions for sterling and US dollars.

Templates

Confirmation template

Confirmation template user guide

Loan collateral transfer notice: Bank of England

Your static data

You must give us static data. We will ask you for this data each time you apply for an operation for the first time.

Tell us if your data changes

You must let us know if your static data changes. Allow us at least three days to make the changes. We will try to do it faster if we can. 

Use our data collection form and make sure the people who sign it at the end match the names on your firm’s authorised signatory list.

Send us your firm’s authorised signatory list with the form. Your list must include:

• the full name of the participating institution
• the effective date of the list
• certification by the company secretary (or equivalent person able to certify) that the signatures are true and authentic
• whether each authorised signatory can act alone or if joint signatories are required.

Email your signed form to [email protected].

We assume the signatory list you give us is valid and up to date. You are responsible for letting us know if the signatory list you have given us needs to be updated.

Our records are based on the information you give us on your form. You are responsible for making sure that information is accurate. 

If you do not complete the form correctly, you send it late or you send it to the wrong email address - we may use obsolete account details for collateral or payment instructions.

Gilt purchases form

Gilt Purchases applicants should use the gilts data collection form.

Eligible collateral 

When we lend through our market operations, we lend against collateral delivered to us by firms. This collateral must be high quality enough so we can sell or keep it if a counterparty fails to repay us.  

We have set out the eligible collateral for each of the operations and the legal documentation you will need to use on our eligible collateral page

List of approved links between Euroclear/Clearstream and National CSDs for delivery of securities

Managing collateral

How we manage collateral 

We use a pooling model to manage the collateral we hold. Find out more about how this works in our Frequently asked questions document.

There is more information about how we manage collateral in our Sterling Monetary Framework operating procedures and Term Funding Scheme with additional incentives for SMEs operating procedures.

View and manage your collateral 

Use our Collateral Management (CM) Portal to view and manage your collateral when you sign up to our operations. Our user guide tells you more about the portal and how it works. 

To register a new account, or change details on an existing account, fill in our registration form and return it to: [email protected]

The portal is a SWIFT based interface. To use the portal your institution needs to join both the test and the live SWIFT closed user groups (CUGs). Apply to join those groups here:

For more information about the CM Portal or SWIFT registration process email [email protected].