Onboarding information for NatWest Markets N.V.



Customer onboarding information for NatWest Markets N.V.


We know that customers may need information from us now in order to onboard NatWest Markets N.V. as a new counterparty as part of their own contingency planning for Brexit*. The information below is provided for this purpose.

We’ll be ready to serve EEA customers from NatWest Markets N.V. in case there is an immediate loss of access to the EU Single Market on 29 March 2019, however for now we will continue to trade with EEA customers from NatWest Markets Plc.

The registered/business address for NatWest Markets N.V. is Claude Debussylaan 94, 1082 MD Amsterdam, The Netherlands.

Regulatory disclosure information

NatWest Markets N.V. provides all required regulatory disclosures via Markit ISDA Amend. If you are not permissioned to see our representations via this platform please let us know at brexit@natwestmarkets.com and we will add you.

 

A summary of the key details is also provided below:
 

  • EMIR: NatWest Markets N.V. is a Financial Counterparty (FC) under EMIR.  Currently NWM N.V. is a Clearing Category 2 counterparty for all mandatorily clearable products, however intends to be a Category 1 counterparty for Rates products once CCP membership steps are completed (ahead of March 2019). NWM N.V. will remain a Category 2 counterparty for Index CDS.
  • Dodd Frank: NatWest Markets N.V. is Not a US Person, Not an Affiliate Conduit has No US Person Guarantees.
  • MiFID II: NatWest Markets N.V. is an EU Investment firm, and expects to register as a Systematic Internaliser ahead of end of March 2019. More information will be published here in due course. For details on NatWest Markets Plc MiFID II compliance please see here.

Operational information

The below information is provided to enable customers to set up NatWest Markets N.V. as a new counterparty. We’ll confirm to customers via email the date that trade will commence from NatWest Markets N.V. In the meantime, all trades should continue to be settled and confirmed with NatWest Markets Plc.

 

Note on existing transactions transferring to NatWest Markets N.V.

 

Some customers have existing transactions in scope to transfer to NatWest Markets N.V. via the Banking Business Transfer scheme (FSMA) or via a contractually agreed novation. This is subject to final confirmation and we’ll let you know with 10 working days’ notice before any transfer goes ahead, and also provide additional operational information and instructions to support this.

 

Where we have an agreement to direct debit your account, we are contacting your bank to ensure this process continues for NatWest Markets N.V. You may receive a communication from your agent bank relating to this.

Additional information to support mapping to NatWest Markets N.V. if you will use an electronic platform to confirm your FXMM trades with us:

 

  • FXALL: Long Name = NatWest Markets N.V.  Short Name = NWM NV@rbs
  • GTSS: map to the new BIC (RBOSNL2RTCM)
  • MISYS: map to the new BIC (RBOSNL2RTCM)
  • Bloomberg: map to the new BIC at deal code level and then submit via SSPV to the new BIC

Nostro account information for NatWest Markets N.V. has been uploaded into the above platforms.

 

  • CLS: CLS will contact customers directly regarding a new Additional Settlement Location for NatWest Markets N.V. and provide instructions for re-matching trades where applicable (subject to confirmation of any transfer of existing transactions) 
  • Depository Trust & Clearing Cooperation (DTCC): 

Central Trade Manager (CTM): RBOSNL2RTCM

 

Omgeo Alert
For Securities:
Acronym: RBOSLDN
Model name: NWMNV

For Cash:
Acronym: RBSFMFX
Model name: NWMNV

 

Markitwire:
Participant Name: NatWest Markets Plc
Short Code: RBOS
Legal Entity Name: NatWest Markets N.V.
BIC: RBOSNL2RTCM

 

For those customers with existing Natwest Markets Plc trading and clearing permissions via MarkitWire, in February 2019 we will commence providing similar permissions from Natwest Markets N.V. We kindly request your attention in accepting these permissions via the MarkitWire DMS platform workflow.

 

DS-Match
NatWest Markets NV entity : 0000T6C9

 

  • Tax: The Tax Identifier for NatWest Markets N.V.is US Tax ID 13-5268975 / Foreign Tin 0010-28-133
  • TriResolve (TriOptima): NWMNV

 

Changes to services - Trax and Aladdin confirmations

 

Please note that we will not be providing Trax or Aladdin confirmations as a service from NatWest Markets N.V. Aladdin fixed income confirmations will be sent via email/fax to the addresses we have on file for you.

Tax and AML information



To request the below information please submit a request to brexit@natwestmarkets.com
 

  • W-8BEN-E form, Certificate of Status of Beneficial Owner for U.S. Tax Withholding and Reporting
  • Entity tax residency self-certification form (known also as the CRS form)


*For UK entities or UK subsidiaries that require information to onboard NatWest Markets Plc as a new counterparty, please also email us at Brexit@natwestmarkets.com and we will be happy to help.

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