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Old 09-04-2008, 08:28 PM
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Post Lenders look for extension of Special Liquidity Scheme

The Bank of England’s Special Liquidity Scheme (SLS), which has been providing funds for UK mortgage lenders, is due to end on 20th October.According to Swiss investment bank, UBS, British banks may have already borrowed as much as £200 billion from the scheme, well above the £50 billion mooted when it was launched in April [...]

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