Paragraph 11

in “Amounts owed to credit institutions” there shall be included liabilities to which subsection (4)(bb) of section 7 of the Act^f1 applies (or, where in Part II the liability is that of a subsidiary undertaking, would apply were that subsidiary undertaking the society);

in “Debt securities in issue” there shall be included liabilities to which subsection (4)(a) and (aa) of that section applies (or, where in Part II the liability is that of a subsidiary undertaking, would apply were that subsidiary undertaking the society).

“certificate of deposit” means a certificate relating to money deposited with the issuer which recognises an obligation to pay a stated amount to bearer or to order, with or without interest, and by the delivery of which, with or without endorsement, the right to receive that stated amount, with or without interest, is transferable;

“floating rate note” means a note which embodies a right, transferable to any person by delivery or by a method specified in the note, to receive a principal sum and interest at a rate which is variable at times specified in the note;

“fixed rate note” means a note which embodies a right, transferable to any person by delivery or by a method specified in the note, to receive a principal sum and interest at a rate which is fixed as specified in the note.