Treasury

Wholesale Funding

Wholesale funds are used principally to maintain an appropriate level of liquidity and to provide a committed source of funds to enable the Society to meet its liabilities even under the most difficult conditions. Wholesale funding is therefore structured to match closely the underlying liquid assets which are being funded.

In line with prudential requirements the Society sources over 50% of its total funding requirements from members funds. The remaining funding is generated from the Wholesale markets.

View our Investor Presentation »

The Society uses a range of instruments including:

Time Deposits
Certificates of Deposits (CDs)
Floating Rate Notes (FRNs)
Bank Loans
Commercial Paper - Click to open PDF
Repurchase Agreements
Medium Term Notes (MTNs) - Click to open PDF
Covered Bonds – Click for details

To ensure that funding is not over dependent on any one source or type, appropriate limits exist to control these proportions.

Credit Rating Agencies

Moodys - A2/P-1/C+
Fitch - A/F1

For more information about the Society’s approach to Wholesale Funding, please contact the Dealing team at treasuryfrontoffice@leedsbuildingsociety.co.uk

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Leeds Building Society is authorised and regulated by the Financial Services Authority and our registration number is 164992. The Society's Head Office address is 105 Albion Street, Leeds LS1 5AS. The Society's permitted business is arranging and advising on Mortgages and General Insurance. You can check this by visiting the FSA website at www.fsa.gov.uk or by contacting the FSA on 0845 606 1234.