The base rate is the benchmark interest rate set by a nation's central bank, influencing the rates commercial banks charge borrowers and pay to depositors.
CREST is an electronic share settlement system established by the Bank of England in 1996, revolutionizing the way securities transactions are settled in the UK by enabling electronic registration and instantaneous settlement, ultimately streamlining dividend payments and eliminating the need for paper certificates.
Detailed examination of eligible paper, including Treasury bills, short-dated gilts, acceptances by banks, and their role in maintaining liquidity and influencing financial institutions' portfolios.
The Gilt Repo Market is a platform for the sale and repurchase of gilt-edged securities, established by the Bank of England in 1996. This market plays a crucial role in the implementation of monetary policy by influencing the liquidity within the banking system.
A discount UK government stock that has been issued by the Bank of England since 1996. A bond can be divided into a set of payments, which are made by the state and sold at a discount.
Legal tender refers to the money that must be accepted in discharge of a debt. It can be limited or unlimited depending on the specified limits of payment.
The world's largest market for gold and silver trading, operated by the London Bullion Market Association (LBMA), sets global standards for bullion quality and trading.
The committee of Bank of England officials and outside economic experts that has been responsible for setting interest rates in the UK since 1997. Prior to this date, interest rates were set by the Treasury.
The money market is a wholesale financial market dedicated to short-term borrowing and lending with instruments like Treasury bills, trade bills, and bills of exchange, traditionally concentrated in areas like Lombard Street in London.
A code of best practice, issued by the Bank of England, for traders and brokers in the wholesale markets in Non-Investment Products (NIPs), specifically the sterling, foreign exchange, and bullion markets.
Established in April 2013, the Prudential Regulation Authority (PRA) functions as the UK's prudential regulator for banks, building societies, credit unions, insurers, and major investment firms. It aims to promote the safety and soundness of these institutions and create a more resilient financial system.
