Credit terms

Here you will find the Material Economic Terms that The Royal Bank of Scotland plc (RBS plc), as a registered Swap Dealer, is required to provide to you pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act in relation to swaps entered into between us.  These  terms should be read prior to engaging in swaps transactions with us.

These are Material Economic Terms that apply to Credit transactions specifically.  Should you have any questions about these terms please contact your RBS Sales Associate for more information.

Credit terms

Title Description File Date Uploaded
MarkitSERV Material Economic Terms for Credit 

  Download file 29/04/2013
Markit Credit Index Annexes   Read more 05/04/2013
Markit Credit Index Annex Confirmations   Read more 05/04/2013
Markit iBoxx   Read more 05/04/2013
2003 Master Credit Derivatives Confirmation Agreement (European-North American)  The Master Credit Derivatives Confirmation (the "Master Confirmation") was published in June 2003 and is intended to be used for North American and European Transactions. The Master Confirmation aims to streamline the confirmations process and incorporates the 2003 ISDA Credit Derivatives Definitions and the May 2003 Supplement. A General Terms Confirmation and Transaction Supplement is also offered.

Download file 05/04/2013
2003 Master Credit Derivatives Confirmation Agreement (Asia-Pacific) The Master Credit Derivatives Confirmation (the "Master Confirmation") was published in July 2003 and is intended to be used for Japan, Australia, New Zealand, Asia and Singapore Transactions. The Master Confirmation aims to streamline the confirmations process and incorporates the 2003 ISDA Credit Derivatives Definitions and the May 2003 Supplement. A General Terms Confirmation and Transaction Supplement is also offered. Download file 05/04/2013
First to Default Confirmation (July 2004)  The First to Default Confirmation is intended to document credit derivative trades with baskets or portfolios of Reference Entities. The Confirmation provides for Settlement Terms when the first Reference Entity in the basket is subject to an Event Determination Date and sets forth the mechanics for substituting a Reference Entity name or names in the event that a Succession Event or Seller Merger Event occurs. Download file 05/04/2013
Nth to Default STS   Download file 05/04/2013
Global Tranched STS   Download file 05/04/2013

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If you have any questions or concerns, please contact your RBS salesperson