# The Cash Ratio Deposits (Eligible Liabilities) Order 1998, Paragraph 11: LESS

Extent: E+W+S+N.I.

The value of the preference shares, bonds, notes and other similar debt instruments (other than certificates of deposit and commercial paper but including subordinated loan capital not represented by the issue of securities) denominated in sterling and issued by a United Kingdom office of any other eligible institution on terms requiring redemption or repayment not later than five years from the date of issue which are held by United Kingdom offices of the eligible institution for its own account.

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Source: https://www.legislation.gov.uk/uksi/1998/1130/schedule/paragraph/11 (the official version)
Page: https://openlegislation.uk/cash-ratio-deposits-eligible-liabilities-order-1998/schedule/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.