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The Bank of England has announced that it has lent £185bn to financial institutions since April under its special liquidity scheme (SLS). This scheme was setup to allow banks to temporarily swap assets the are difficult to trade such as mortgage backed debt. The exchanges were backed until 30th January. The Bank Of England stated that 32 banks and building societies took part in the scheme.

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Future Financial, Future House, Staffordshire, ST5 0NG

Tel : 0845 299 7904