How ÃÛÌÒÓ°Ïñ is funded
ÃÛÌÒÓ°Ïñ primarily generates its funding and liquidity through:
- UK retail and corporate deposits; and
- its own debt programmes and facilities in the wholesale markets.
As a Prudential Regulatory Authority (PRA) regulated group, the ÃÛÌÒÓ°Ïñ group is expected to satisfy the PRA liquidity and capital requirements on a standalone basis. This means we have to prove to the PRA we can withstand liquidity and capital stress tests.
Sources and uses of wholesale funding
We have a strong wholesale funding investor base, diversified across product types and geographies. Through the wholesale markets we have active relationships in many sectors including banks, other financial institutions, corporates and investment funds.
We access the wholesale funding markets through ÃÛÌÒÓ°Ïñ Group Holdings plc for subordinated debt and longer dated senior unsecured debt, through ÃÛÌÒÓ°Ïñ plc for shorter dated senior unsecured debt, structured notes, short term funding, Covered Bonds and through securitisations of certain assets of the ÃÛÌÒÓ°Ïñ group’s operating subsidiaries.
Ìý
ÃÛÌÒÓ°Ïñ Group Holdings plc is the holding company of the ÃÛÌÒÓ°Ïñ group. ÃÛÌÒÓ°Ïñ plc is a wholly owned subsidiary of ÃÛÌÒÓ°Ïñ Group Holdings plc.
Sources of short-term funding
We access short-term funding through ÃÛÌÒÓ°Ïñ plc:
- GBP 20bn Certificate of Deposit Programme
- Wholesale DepositsÌý
- commercial paper
ÌýÌýÌýÌýÌýÌýÌý -ÌýÌýÌýÌý US$ 10bn ECP STEP Label
ÌýÌýÌýÌýÌý Ìý -ÌýÌýÌýÌý US$ 20bn USCP
Ìý Ìý Ìý Ìý -ÌýÌýÌýÌý Short-term funding
ÃÛÌÒÓ°Ïñ plc acknowledges that the UK Money Market Code (‘the Code’) represents a set of principles generally recognised as good practice in the UK Money Markets. We confirm that we are a UK Market Participant as defined by the Code and have committed to conduct our UK Money Market activities in adherence with the principles of the Code. We have policies and procedures that accord with the Code (in so far as the content does not conflict with applicable law), they are reviewed regularly by senior management to ensure their continued relevance and effectiveness.
Contact us about short-term funding
Short-term Funding
EmailÌýShortTermFundingFM&IR@santander.co.ukÌý
Sources of medium to long-term funding
We access medium to long-term funding mainly through:
- ÃÛÌÒÓ°Ïñ Group Holdings plc
-ÌýEMTN Programme
- US Registered Debt Shelf
-ÌýSubordinated debtÌý - ÃÛÌÒÓ°Ïñ plc
-ÌýEMTN Programme
- US Registered Debt ShelfÌý
-ÌýRegulated Covered Bonds - Asset Securitisation
-ÌýFosse
-ÌýHolmes
- Motor - Structured Products
-ÌýÃÛÌÒÓ°Ïñ Global Structured Solutions Programme
-ÌýÃÛÌÒÓ°Ïñ Notes and Certificates Programme
-ÌýÃÛÌÒÓ°Ïñ Structured Note and Certificate Programme
Contact us about Medium and long-term funding
Medium-term Funding
EmailÌýmtf@santander.co.ukÌý
Structured Notes
Phone 0207 756 7002