The funding programme sizes and utilisation are managed to ensure access to both short term and long term markets is maintained as part of a balanced and prudent approach to wholesale funding.
Nothing on this page or this website (i) constitutes an offer to sell, or a solicitation of an offer to buy, any securities from any person in any jurisdiction, or (ii) constitutes or forms part of any offering document for any security. The funding programmes referenced on this website involve securities that have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and include securities in bearer form that are subject to U.S. tax law requirements. Subject to certain exceptions, such securities may not be offered, sold or delivered in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act and Section 7701(a)(30) of the U.S. Internal Revenue Code of 1986, as amended). Persons accessing this website are required to inform themselves about and to observe all applicable securities and other laws and regulations in the jurisdictions in which they are resident, located and/or organized.
The following are not eligible to claim compensation under the UK Financial Services Compensation Scheme for deposits:-
Large companies*, large mutual associations**, credit institutions, overseas financial services institutions, collective investment schemes operators or trustees, pension and retirement funds and their trustees, supranational institutions, governments, and central administrative authorities, provincial, regional, local and municipal authorities, firms within the Nationwide Building Society Group, persons holding 5% or more of the capital of Nationwide Building Society or of any firm in the Group, the auditors of Nationwide Building Society and its Group, persons considered responsible for the default, persons whose claim arises from transactions in connection with which they have been convicted of an offence of money laundering.
*Large companies are defined as firms with at least two of the three criteria: -turnover in excess of £6.5 million, balance sheet total in excess of £3.26 million; and more than 50 employees
**Large mutual associations hold more than £1.4 million in net assets.