Analysis phase of interest rate derivatives complete

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ABN AMRO is reviewing all current interest rate derivative products held by SME clients with the establishing whether they are still appropriate. Where it is not possible to draw that conclusion based on the file analysis, we will engage in dialogue with the clients concerned as quickly as possible. We will subsequently discuss the analysis with the other clients.

We have already held discussions with clients who are facing commercial problems. We hope we have spoken to them all, but if we have inadvertently missed some clients, or if clients wish to speak to us earlier, we would ask them to contact us.

Majority of products appropriate

The interest rate derivative holdings were thoroughly analysed. An external audit was also performed on this analysis and we liaised closely with the Netherlands Authority for the Financial Markets (AFM). The analysis showed that in the majority of cases, the interest rate derivative was appropriate for the client’s current situation. The next step in the review process is the dialogue with clients.

More information

In this newsroom you will also find earlier news bulletins about interest rate derivatives. ABN AMRO has 350,000 SME clients, of whom 4,500 have one or more interest rate derivatives. All told, SME clients together hold a total of 6,000 current interest rate derivatives. Read more about the review of SME interest rate derivatives (Dutch only).

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