On 19 February 2014, RBS announced that it had reached agreement with BNP Paribas for the sale of certain assets and liabilities related to its structured retail investor products & equity derivatives businesses, as well as associated market making activities (the “Proposed Transaction”), subject to competition approval.
Such approval has been obtained, and as a result, RBS and BNP Paribas are now implementing the Proposed Transaction. BNP Paribas will take over the market-making activities for most of RBS structured retail products in 2014. In addition, BNP Paribas will be the point of contact for support and information for all such products, including some structured retail products that remain at RBS.
For a list of RBS products for institutional investors where market-making is provided by BNP Paribas, please click here. Information on these products can now be found on the website for institutional investors of BNP Paribas. To access the website of BNP Paribas, please click here.
RBS is committed to maintaining all functions and services to investors up to the time when the market making activities and product support are transferred to BNP Paribas. Please contact the Secondary Market Sales Desk at BNP Paribas (email: firstname.lastname@example.org; phone: +44 207 595 8704) for further information.