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RBS Imposes Negative Rates on Collateral for Trading Clients

  • Bank says policy affects some options and futures contracts
  • About 60 large clients said likely to be charged under plan

Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, said some of its biggest trading clients must pay interest on collateral as a consequence of low central bank interest rates.

Some of the bank’s institutional clients will need to pay interest on funds pledged as collateral when trading futures contracts, the bank said in an e-mailed statement on Friday. The changes for sterling and euro futures and options trading will...


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