Bank of England NIPS Code updated

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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.
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