COVID-19 Corporate Financing Facility - Revision history

imported>Doug Williamson: Update.

2022-12-28T13:00:32Z

Update.

← Older revision		Revision as of 13:00, 28 December 2022
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	''Business continuity - COVID-19 - UK - Bank of England.''		''Business continuity - COVID-19 - UK - Bank of England - historic.''

	(CCFF).		(CCFF).

	Under the COVID-19 Corporate Financing Facility, the Bank of England ('the Bank') bought short term debt - in the form of commercial paper - from larger companies with strong credit ratings.		Under the former COVID-19 Corporate Financing Facility, the Bank of England ('the Bank') bought short term debt - in the form of commercial paper - from larger companies with strong credit ratings.

	The CCFF was designed to support companies affected by a short-term funding squeeze, and allow them to finance their short-term liabilities.		The CCFF was designed to support companies affected by a short-term funding squeeze, and allow them to finance their short-term liabilities.
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	The CCFF closed to new purchases in March 2021.		The CCFF closed to new purchases in March 2021.

imported>Doug Williamson: Update.

2022-12-28T12:36:36Z

Update.

← Older revision		Revision as of 12:36, 28 December 2022
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	The CCFF closed to new purchases ~~on 23~~ March 2021 ~~as planned~~.		The CCFF closed to new purchases in March 2021.


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	[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]		[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]

	~~[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]~~

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Update link.

2022-09-28T15:16:55Z

Update link.

← Older revision		Revision as of 15:16, 28 September 2022
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	*[[Disaster recovery planning]]		*[[Disaster recovery planning]]
	*[[Financial stability]]		*[[Financial stability]]
	*[[~~Her Majesty’s~~ Revenue & Customs]]		* [[His Majesty's Revenue & Customs]]
	*[[Investment grade]]		*[[Investment grade]]
	*[[Liquidity management]]		*[[Liquidity management]]

imported>Doug Williamson: Update due to closure of scheme.

2021-08-19T15:06:40Z

Update due to closure of scheme.

← Older revision		Revision as of 15:06, 19 August 2021
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	(CCFF).		(CCFF).

	Under the COVID-19 Corporate Financing Facility, the Bank of England ('the Bank') ~~will buy~~ short term debt - in the form of commercial paper - from larger companies with strong credit ratings.		Under the COVID-19 Corporate Financing Facility, the Bank of England ('the Bank') bought short term debt - in the form of commercial paper - from larger companies with strong credit ratings.

	The CCFF is designed to support companies affected by a short-term funding squeeze, and allow them to finance their short-term liabilities.		The CCFF was designed to support companies affected by a short-term funding squeeze, and allow them to finance their short-term liabilities.

	The CCFF is also intended support corporate finance markets overall and ease the supply of credit to all firms.		The CCFF was also intended to support corporate finance markets overall and ease the supply of credit to all firms.


	The facility is open to businesses that ~~can demonstrate~~ they were in sound financial health prior to COVID-19, allowing the Bank to look through temporary impacts on balance sheets and cash flows from the shock itself.		The facility was open to businesses that demonstrated they were in sound financial health prior to COVID-19, allowing the Bank to look through temporary impacts on balance sheets and cash flows from the shock itself.

	This means businesses that had a short or long-term credit rating of investment grade, as at 1 March 2020, or equivalent.		This means businesses that had a short or long-term credit rating of investment grade, as at 1 March 2020, or equivalent.


	Businesses of comparable credit strength, as at 1 March 2020, ~~can~~ also apply to the Bank for an assessment of whether they can be deemed as equivalent to having a formal public investment grade credit rating, and therefore eligible to use the CCFF.		Businesses of comparable credit strength, as at 1 March 2020, could also apply to the Bank for an assessment of whether they can be deemed as equivalent to having a formal public investment grade credit rating, and therefore eligible to use the CCFF.


			The CCFF closed to new purchases on 23 March 2021 as planned.

imported>Doug Williamson: Reduce links.

2021-03-11T10:51:21Z

Reduce links.

← Older revision		Revision as of 10:51, 11 March 2021
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	*[[Liquidity management]]		*[[Liquidity management]]
	*[[Stranded middle]]		*[[Stranded middle]]
	*[[WFH]]

imported>Doug Williamson: Layout.

2020-03-31T14:38:14Z

Layout.

← Older revision		Revision as of 14:38, 31 March 2020
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	This means businesses that had a short or long-term credit rating of investment grade, as at 1 March 2020, or equivalent.		This means businesses that had a short or long-term credit rating of investment grade, as at 1 March 2020, or equivalent.

	Businesses of comparable credit strength, as at 1 March 2020, can also apply to the Bank for an assessment of whether they can be deemed as equivalent to having a formal public investment grade credit rating, and so eligible to use the CCFF.
			Businesses of comparable credit strength, as at 1 March 2020, can also apply to the Bank for an assessment of whether they can be deemed as equivalent to having a formal public investment grade credit rating, and therefore eligible to use the CCFF.

imported>Doug Williamson: Create page. Source: Bank of England webpage https://www.bankofengland.co.uk/news/2020/march/the-covid-corporate-financing-facility

2020-03-31T14:37:35Z

Create page. Source: Bank of England webpage https://www.bankofengland.co.uk/news/2020/march/the-covid-corporate-financing-facility

← Older revision		Revision as of 14:37, 31 March 2020
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	''Business continuity - ~~pandemic~~ - UK.''		''Business continuity - COVID-19 - UK - Bank of England.''

	(CCFF).		(CCFF).

	Under the COVID-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.		Under the COVID-19 Corporate Financing Facility, the Bank of England ('the Bank') will buy short term debt - in the form of commercial paper - from larger companies with strong credit ratings.

	~~This will~~ support companies affected by a short-term funding squeeze, and allow them to finance their short-term liabilities.		The CCFF is designed to support companies affected by a short-term funding squeeze, and allow them to finance their short-term liabilities.

	~~It will~~ also support corporate finance markets overall and ease the supply of credit to all firms.		The CCFF is also intended support corporate finance markets overall and ease the supply of credit to all firms.


	~~All UK~~ businesses ~~are eligible~~.		The facility is open to businesses that can demonstrate they were in sound financial health prior to COVID-19, allowing the Bank to look through temporary impacts on balance sheets and cash flows from the shock itself.

			This means businesses that had a short or long-term credit rating of investment grade, as at 1 March 2020, or equivalent.

			Businesses of comparable credit strength, as at 1 March 2020, can also apply to the Bank for an assessment of whether they can be deemed as equivalent to having a formal public investment grade credit rating, and so eligible to use the CCFF.

	~~The scheme will be available early in the week beginning 23 March 2020.~~


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	*[[British Business Bank]]		*[[British Business Bank]]
	*[[Business continuity plan]]		*[[Business continuity plan]]
			*[[Commercial paper]]
	*[[Contingency plan]]		*[[Contingency plan]]
	*[[COPD]]
	*[[Coronavirus]]		*[[Coronavirus]]
	*[[Coronavirus Business Interruption Loan Scheme]]		*[[Coronavirus Business Interruption Loan Scheme]]
	*[[Coronavirus Job Retention Scheme]]		*[[Coronavirus Job Retention Scheme]]
	*[[COVID-19]]		*[[COVID-19]]
			*[[Credit]]
			*[[Credit rating]]
	*[[Disaster recovery planning]]		*[[Disaster recovery planning]]
	*[[Financial stability]]		*[[Financial stability]]
	*[[Her Majesty’s Revenue & Customs]]		*[[Her Majesty’s Revenue & Customs]]
			*[[Investment grade]]
	*[[Liquidity management]]		*[[Liquidity management]]
	*[[Stranded middle]]		*[[Stranded middle]]

imported>Doug Williamson: Add link.

2020-03-31T13:50:16Z

Add link.

← Older revision		Revision as of 13:50, 31 March 2020
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	*[[Her Majesty’s Revenue & Customs]]		*[[Her Majesty’s Revenue & Customs]]
	*[[Liquidity management]]		*[[Liquidity management]]
			*[[Stranded middle]]
	*[[WFH]]		*[[WFH]]

imported>Doug Williamson: Add abbreviation.

2020-03-23T13:54:42Z

Add abbreviation.

← Older revision		Revision as of 13:54, 23 March 2020
Line 1:		Line 1:
	''Business continuity - pandemic - UK.''		''Business continuity - pandemic - UK.''

			(CCFF).

	Under the COVID-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.		Under the COVID-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.

imported>Doug Williamson: Create page. Source: UK government webpage https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses#support-for-larger-firms-through-the-covid-19-corporate-financing-facility

2020-03-23T12:43:39Z

Create page. Source: UK government webpage https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses#support-for-larger-firms-through-the-covid-19-corporate-financing-facility

New page

''Business continuity - pandemic - UK.''

Under the COVID-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.

This will support companies affected by a short-term funding squeeze, and allow them to finance their short-term liabilities.

It will also support corporate finance markets overall and ease the supply of credit to all firms.

All UK businesses are eligible.

The scheme will be available early in the week beginning 23 March 2020.

==See also==
*[[Bank of England]]
*[[British Business Bank]]
*[[Business continuity plan]]
*[[Contingency plan]]
*[[COPD]]
*[[Coronavirus]]
*[[Coronavirus Business Interruption Loan Scheme]]
*[[Coronavirus Job Retention Scheme]]
*[[COVID-19]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Her Majesty’s Revenue & Customs]]
*[[Liquidity management]]
*[[WFH]]

==Resources for COVID-19==
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]

[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]

[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]