imported>Doug Williamson |
imported>Doug Williamson |
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| ''Business continuity - COVID-19 - UK - Bank of England - historic.''
| | Euro Medium Term Note. |
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| (CCFF).
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| 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.
| | == See also == |
| | * [[Euro Medium Term Note]] |
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| 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 was also intended to support corporate finance markets overall and ease the supply of credit to all firms.
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| 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.
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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.
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| 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.
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| The CCFF closed to new purchases in March 2021.
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| ==See also==
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| *[[Bank of England]]
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| *[[British Business Bank]]
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| *[[Business continuity plan]]
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| *[[Commercial paper]]
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| *[[Contingency plan]]
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| *[[Coronavirus]]
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| *[[Coronavirus Business Interruption Loan Scheme]]
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| *[[Coronavirus Job Retention Scheme]]
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| *[[COVID-19]]
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| *[[Credit]]
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| *[[Credit rating]]
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| *[[Disaster recovery planning]]
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| *[[Financial stability]]
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| * [[His Majesty's Revenue & Customs]]
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| *[[Investment grade]]
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| *[[Liquidity management]]
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| *[[Stranded middle]]
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| ==Resources for COVID-19==
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| [https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]
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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]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Corporate_finance]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Financial_products_and_markets]] | | [[Category:Financial_products_and_markets]] |
| [[Category:Liquidity_management]]
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