Margin disclosures


Intragroup disclosures

NatWest Markets Plc is required by law, as set out in  Article 11(11) of Regulation (EU) no 648/2012 of the European Parliament and of the Council on 4 July 2012 on OTC derivatives, Central Counterparties and Trade Repositories ("EMIR") to publicly disclose information in relation to intragroup transactions which have been exempted from the requirement laid down in Article 11(3). Article 11(3) captures the requirement for Financial counterparties to have risk-management procedures that require the timely, accurate and appropriately segregated exchange of collateral with respect to OTC derivative contracts.

The below outlines the key information for NatWest Markets Plc for all counterparties exempt on the basis of Article 11(6):

Exempted Counterparty Full name NatWest Markets Plc
Exempted Counterparty Legal Entity Identifier (LEI) RR3QWICWWIPCS8A4S074
Intragroup Transaction Counterparty Full name Ulster Bank Ireland Designated Activity Company NatWest Markets N.V.
Intragroup Transaction Counterparty Legal Entity Identifier (LEI) 635400KQIMALJ4XLAD78 X3CZP3CK64YBHON1LE12
The relationship between the counterparties Parent Affiliate
Exemption Type Full exemption or a partial exemption Full Full
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (million EUR) 5,903.2 4,811.1

 

NatWest Markets N.V. is  required by law, as set out in  Article 11(11) of Regulation (EU) no 648/2012 of the European Parliament and of the Council on 4 July 2012 on OTC derivatives, Central Counterparties and Trade Repositories ("EMIR") to publicly disclose information in relation to intragroup transactions which have been exempted from the requirement laid down in Article 11(3). Article 11(3) captures the requirement for Financial counterparties to have risk-management procedures that require the timely, accurate and appropriately segregated exchange of collateral with respect to OTC derivative contracts.

The below outlines the key information for NatWest Markets N.V. for all counterparties exempt on the basis of Article 11(6):

Exempted Counterparty Full name NatWest Markets N.V.
Exempted Counterparty Legal Entity Identifier (LEI) X3CZP3CK64YBHON1LE12
Intragroup Transaction Counterparty Full name NatWest Markets Plc
Intragroup Transaction Counterparty Legal Entity Identifier (LEI) RR3QWICWWIPCS8A4S074
The relationship between the counterparties Affiliate
Exemption Type Full exemption or a partial exemption Full
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (million EUR) 4,811.1

 

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