RBS agrees to sell £175bn structured product portfolio to BNP Paribas

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RBS structured products book bought by BNP Paribas

Royal Bank of Scotland (RBS) has agreed to sell its multi-billion-pound structured product portfolio to BNP Paribas, according to industry sources. The decision was made by the UK bank on November 13, and will be followed by the signing of a head of terms, after which the negotiation and documentation of final terms and conditions is expected to be agreed and ratified by the first week of 2014.

The deal is the latest in a series of structured product and equity derivatives portfolio purchases by

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