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Clifford Chance

Clifford Chance

Briefings

UK Credit Guarantee Scheme – opening the door to buybacks of guaranteed debt

10 June 2011

On 8 June 2011, HM Treasury announced amendments to the rules of the UK Government's Credit Guarantee Scheme, permitting eligible institutions to repurchase UK Government guaranteed debt in certain circumstances. As well as providing UK banks and financial institutions with a welcome opportunity to manage their liability profiles, it also signals the continued restoration of confidence in the UK banking sector.

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