1. About Santander UK
  2. Investor relations
  3. Funding information

Funding information

How Santander UK is funded

Santander UK primarily generates its funding and liquidity through:

  • UK retail and corporate deposits; and
  • its own debt programmes and facilities in the wholesale markets.

As a Prudential Regulatory Authority (PRA) regulated group, the Santander UK group is expected to satisfy the PRA liquidity and capital requirements on a standalone basis. This means we have to prove to the PRA we can withstand liquidity and capital stress tests.

Sources and uses of wholesale funding

We have a strong wholesale funding investor base, diversified across product types and geographies. Through the wholesale markets we have active relationships in many sectors including banks, other financial institutions, corporates and investment funds.

We access the wholesale funding markets through Santander UK Group Holdings plc for subordinated debt and longer dated senior unsecured debt, through Santander UK plc for shorter dated senior unsecured debt, structured notes, short term funding, Covered Bonds and through securitisations of certain assets of the Santander UK group’s operating subsidiaries.

San UK funding structure 2017

Ìý

Santander UK Group Holdings plc is the holding company of the Santander UK group. Santander UK plc is a wholly owned subsidiary of Santander UK Group Holdings plc.

Sources of short-term funding

We access short-term funding through Santander UK plc:

  • GBP 20bn Certificate of Deposit Programme
  • Wholesale DepositsÌý
  • commercial paper

ÌýÌýÌýÌýÌýÌýÌý -ÌýÌýÌýÌý US$ 10bn ECP STEP Label

ÌýÌýÌýÌýÌý Ìý -ÌýÌýÌýÌý US$ 20bn USCP

Ìý Ìý Ìý Ìý -ÌýÌýÌýÌý Short-term funding

Santander UK plc acknowledges that the UK Money Market Code (‘the Code’) represents a set of principles generally recognised as good practice in the UK Money Markets. We confirm that we are a UK Market Participant as defined by the Code and have committed to conduct our UK Money Market activities in adherence with the principles of the Code. We have policies and procedures that accord with the Code (in so far as the content does not conflict with applicable law), they are reviewed regularly by senior management to ensure their continued relevance and effectiveness.

Contact us about short-term funding

Short-term Funding

EmailÌýShortTermFundingFM&IR@santander.co.ukÌý

Sources of medium to long-term funding

We access medium to long-term funding mainly through:

Contact us about Medium and long-term funding

Medium-term Funding
EmailÌýmtf@santander.co.ukÌý

Structured Notes
Phone 0207 756 7002