Access to wholesale markets allows the Group to smooth out variations in the supply of retail funds and reduces reliance upon traditional sources for all its funding needs.
Consistent with the legal status of the Society, at least 50% of funds are raised in the form of shares held by individual members of the Society.
Aside from statutory restrictions on the mix of share and deposit funding, access to wholesale funding sources can provide a number of important strategic advantages to the Society. In determining the wholesale funding strategy consideration is given to the objectives of flexibility, cost effectiveness and availability of funds and the implications for Liquidity.
Maintenance of the Society's financial strength, credit ratings and reputation ensures the ready availability of wholesale funds in the future. The Society aims to raise wholesale funds from a wide variety of sources in order to reduce dependence and potential concentration on any one market or grouping of investors. In addition, the Society maintains sufficient committed facilities to provide or the possibility that market conditions may disrupt its access to funds.
For more information about the Society's approach to wholesale funding, phone Chris Parrish, Group Treasurer, on 01274 472662 or email the Dealing team.
download prospectus (558k)
download prospectus (260k)For more information, see Types of Instruments
Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, credit cards, loans, mortgages and more.
Get in touch with us:
Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
