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Santander UK building

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

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 and Abbey National Treasury Service Plc (ANTS) is a wholly owned and fully guaranteed subsidiary of Santander UK plc.

Santander UK plc guarantee (PDF),

Abbey National Treasury Services plc guarantee (PDF)

Sources of short-term funding

We access short-term funding through Abbey National Treasury Services plc:

  • time deposits
     
  • certificates of deposit

    - €5bn French CD STEP Label
     
  • commercial paper

    - US$ 10bn ECP STEP Label

    - US$ 20bn USCP (US Branch)

Sources of medium to long-term funding

We access medium to long-term funding mainly through:

Contact us about funding

Medium-term Funding
Email mtf@santander.co.uk
Phone 0207 756 7100

Short-term Funding
Email shorttermfunding@santander.co.uk
Phone 0207 756 7050

Structured Notes
Phone 0207 756 7000