PROPOSED CREDIT LIMITS
|
Credit rating colour indicator (and long term rating where applicable) |
Current Money Limit |
Proposed Money limit |
Time Limit |
Banks |
Yellow |
£5m |
£8m |
5 years |
Banks |
Purple |
£3m |
£7m |
2 years |
Banks |
Orange |
£3m |
£5m |
1 year |
Banks – part nationalised |
Blue |
£3m |
£5m |
1 year |
Banks |
Red |
£3m |
£5m |
6 months |
Banks |
Green |
£1m |
£3m |
100 days |
Banks |
No colour |
Not to be used |
Not to be |
|
Other institutions limit |
- |
£1m |
£3m |
5 years |
Debt Management Account Deposit Facility |
UK sovereign rating |
Unlimited |
Unlimited |
6 months |
Local authorities |
n/a |
£5m |
£8m |
5 years |
Housing associations |
Colour bands |
£5m |
£8m
|
As per colour band |
Money Market Funds (all) |
AAA |
£8m |
£10m |
liquid |
Ultra-Short Dated Bond Funds with a credit score of 1.25 |
Dark pink / AAA |
£8m |
£8m |
liquid |
Ultra-Short Dated Bond Funds with a credit score of 1.50 |
Light pink / AAA |
£8m |
£8m |
liquid |