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Bank of England NIPS Code updated
The Bank of England issued a new edition of The Non-Investment Products Code dated April 2009.
The Code, available at http://www.bankofengland.co.uk/markets/forex/fxjsc/nipscode.pdf, sets out good practice applicable to wholesale market dealings in non-investment products, namely:
- sterling wholesale deposits
- foreign currency wholesale deposits
- gold and silver bullion wholesale deposits
- spot and forward foreign exchange
- spot and forward gold and silver bullion.

