-RBS launches new investment products for UK corporates.
Global Banking News-June 13, 2011--RBS launches new investment products for UK corporates(C)2011 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 13 June 2011
Edinburgh-based Royal Bank of Scotland (LSE: RBS) (NYSE: RBS-PP) has launched a new series of capital-protected cash products for UK-based corporate houses, Trustnet News and Research has reported online.
The new range includes one-year to seven-year maturities with customised exposure to several asset classes. The products include an 18-month inverse floater, a two-year range accrual, a two-year positive averaging carry note, an 18-month collared deposit and an 18-month wedding cake product.
According to Philip Turner, global head of strategic product marketing and corporate structuring, cash equating to five percent of GDP is being held on UK corporate balance sheet. The new product range is expected to effectively attract that cash into investment markets.
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