COMMENTED by
The Cash Ratio Deposits (Eligible Liabilities) Order 1998 (Note)

The Cash Ratio Deposits (Eligible Liabilities) Order 1998

STATUTORY INSTRUMENTS

1998 No. 1130

BANKS AND BANKING

The Cash Ratio Deposits (Eligible Liabilities) Order 1998

Made 24th April 1998

Laid before Parliament 27th April 1998

Coming into force 1st June 1998

The Treasury, having consulted the Bank of England, such persons as appear to them to be representative of persons likely to be materially affected by the following Order and such other persons as they think fit, and having regard to the financial needs of the Bank of England, in exercise of the powers conferred on them by paragraph 2(2) of Schedule 2 to the Bank of England Act 1998[1], hereby make the following Order:

Citation and commencement

1. This Order may be cited as the Cash Ratio Deposits (Eligible Liabilities) Order 1998 and shall come into force on 1st June 1998.

Interpretation

2. - (1) In this Order -

"the Act" means the Bank of England Act 1998;

"credit items in the course of transmission", in relation to an eligible institution, means standing orders and other credit transfers debited to customers' accounts, and payment orders including cheques a...

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