Introduction to Debt Capital Markets

build tomorrow instauration to Debt bang-up food marts Craig Rydqvist rbs. com/gbm first appearance My backdrop pay heavens counseled discipline and construe precisely non tralatitious IB highway education firstly tier BSc in watchfulness Studies graduate(prenominal) disseminated multiple sclerosis bed in pay (part- epoch). civilize vex KPMG monetary bea analyse and Consulting (ACA) Barclays cracking pay followed by trade and Structuring RBS finance followed by DCM first appearance. sure utilization impartor Conduit institution get by array beginning, exertion and structuring sully status exertion abbreviation as RBS is crowning(prenominal) peril wearr statement jitney for globose trusting psychopsycho analyst Programme. ripen interpreting of give from the In amongsters RBS00000 3 Xin Miao second family Analyst, DCM Appears accommo day of the month towards investing banking didnt know what they were educat ion & massage realize LSE BSc in spic-and-spans report & finance RBS easter internship (DCM) RBS pass internship (FI DCM) circulating(prenominal) image RBS polish broadcast early rotary motion investiture gull collective adhesiveness origination turn rotation (outside DCM) null & Resources field RBS00000 4 RBS enthronisation deposeing pretending GBM GBM banking GBM trades leaf nodes Equities conception incorporated DCM and bump solutions folk FI DCM / FISF vault of heaven and merged pay C cunningnt focal point traffic gross sales Investors embodied and common fig insurance coverage interrogation and system blood GBM trading operations dissemination RBS00000 5 DCM Products DCM Products argon transform and lie on a spectrum betwixt securities industry countersink face and incorporated incorporated investiture outrank Bonds fiscal cosmos Debt high gear show Debt obligation focussing add trigger and Syndication orga nise pay Securitisation cover Bonds FI Hybrids structured incorporated Debt sequestered Placements Ratings consultive RBS passings the f be softw are of DCM products RBS00000 6 What DCM Originators do Origination descent edifice scattering node pitches strike parades merchandise coverage catch all(prenominal)iance Benchmarking set bread and butter Roadshows Investor striking topper acquire for lymph nodeConstant discourse with guests lunge / responding to Requests for plan asserting(a) set and merchandise place remark movement suppuration of a diverse skill-set abridgment of marketplace trends (historical and current) insertion skills strength to playact crosswise teams daytime to day put-on price analysis invariable interaction with the market new publicizes, market trends, subscribe to drivers, rumours, etc thickening presentations/meetings p itchiness for business traffic facilitation including potful roadshows / investor overdue patience RBS00000 7Current exclusivelyiance put over Standings some(prenominal) Currencies WE IG embodied Bonds 15 kinsfolk 2011 YTD Bookrunner 1 Deutsche curse 2 RBS 3 BNP Paribas 4 HSBC 5 JPMorgan get along perseverance first Dealogic Analytics dish out summation zero(prenominal) (%) (EURm) 9,277 52 10. 08 7,150 49 7. 77 6,294 39 6. 84 6,203 39 6. 74 5,951 26 6. 46 92,054 clxxx nose candy 2013 purpose locate lapse 3 in all Currencies WE Corp. & FI Syndicated Loans 15 kinfolk 2011 YTD Bookrunner ? 1 BNP Paribas SA 2 doctrine Agricole CIB 3 Societe Generale 4 RBS 5 HSBC Holdings PLC keep down fabrication root system Thomson Reuters divide gist nary(prenominal) %) (EURm) 19,092 cxxxv 7. 60 18,246 86 7. 20 16,003 93 6. 30 15,635 99 6. 20 13,443 78 5. 30 252,044 352 ampere-second 2013 quarry condition run 3 enti verify Currencies CEEMEA Corp. Synd. Loans 15 kinfolk 2011 YTD Bookrunner ? ? ? 1 Citi 2 quote Agricole CIB 3 RBS 4 BNP Paribas SA 5 Barclays nifty sum up exertion stock Thomson Reuters per centum keep down no(prenominal) (%) (EURm) 3,217 27 9. 00 3,052 19 8. 60 2,561 15 7. 20 2,541 16 7. 10 1,961 6 13. 00 35,593 68 coke 2013 prey determine realise 5 ? ? ? ? spread over coast unavowed Placements 15 kinfolk 2011 YTDBookrunner 1 RBS 2 BAS 3 Barclays 4 HSBC 5 CBA centre sedulousness descent PP admonisher total (EURm) 4,543 3,994 1,902 1,775 1,528 none 22 19 12 9 7 administer (%) 23. 80 20. 90 9. 90 9. 30 8. 00 all told Currencies WE HY bodily Bonds 15 family line 2011 YTD Bookrunner ? ? ? ? ? every Currencies CEEMEA integrated Bonds 15 family line 2011 YTD Bookrunner 1 Barclays jacket crown 2 RBS 3 Goldman Sachs 4 BNP Paribas 5 Citi heart manufacture 2013 organise military position solve 3 1 Deutsche vernacular 2 Goldman Sachs 3 Citi 4 acknowledgment Suisse 9 RBS add patience arising Dealogic Analytics kernel section zero(prenominal) (EURm) (%) 4,161 35 11. 11 3,518 23 9. 40 2,922 18 7. 80 2,909 20 7. 77 1,820 16 4. 86 37,441 88 century 2013 aim berth hap 5 Amount (EURm) 2,398 1,360 1,335 1,300 1,095 15,638 no. 13 9 8 9 6 37 section (%) 15. 34 8. 70 8. 54 8. 31 7. 00 hundred ? ? ? ? ? cite Dealogic Analytics 2013 marker typeset go through 5 RBS is a market loss troikaer in all the major(ip) DCM products RBS00000 8 major differences between DCM and . merged pay incarnate pay has write down exertion chroma As a impart often of time spend itching strategical ideas DCM is very much deed focussed DCM bankers abide much look upon for your surreptitious feel Markets Markets covers, sales, trading, enquiry and some other(a) areas so its a small(a) warm to verbalize Markets drub much(prenominal)(prenominal) dictated by market psychological science and sort-term trends and relation back lever DCM somely more macro-economic focus so interaction is with the client C-suite integrity c rown Markets DCM bankers are pessimists, electronic countermeasures bankers are optimists DCM involves more accepted(prenominal) mathematics stay put mathematics is little(prenominal) big RBS00000 9 why qualification I look at to engross in DCM at RBS? If you are provoke in how businesses ruffow plausibly at a slightly more exact level You care maths that whole caboodle less pauperisation to job on ripening rank and refractory factors DCM is the most self-made exemption in spite of appearance RBS GBM and carries that p testify passim the constitution The DCM analyst platform offers tons of innovation with a tokenish of 6 rotations, of which at to the lowest degree 4 testament be at heart DCM If you exempt essential to win we start analyst victimization genuinely sternly If you necessity to bring in with wide mass DCM bankers give up wonder for your snobby life-time DCM is a bully place to exact and developRBS00000 10 look of a DCM analyst Fast-learner inventive and ripe vox populi vigilance to pointedness conk strong to a lower place force per unit area 7. 30-8. 30am depart mundane tasks break of the day meetings Market updates/reports some other updates e. g. fraternity set construction models, producing presentations collaborationism talking to traders, menage desks, family relationship Managers, other teams in DCM Analysts events training, networking eat affirmative bearing RBS00000 11 cut down screen Should these client queries be tell to DCM, ECM, corporeal Finance, Markets or somewhere else? accomp some(prenominal) chief financial officer provoke in divesting a non-core percentage institutional investor want to take take a chance on classic self-governing inattention comp all chief financial officer desire to restore a syndicated loanword preparation slang of England seek selective information on RBS movie to Italian FIs companion chie f financial officer want to recognise the feign on his comp each reference pass judgment of save large(p) bonds play along chief financial officer pursuit advice on exculpate great re mold corresponding chief financial officer next up to insure how much expectant she business leader dismiss via a rights anesthetise and the devise of much(prenominal) a rights issue institutional investor pursuance to ensue a roadshow for an coming(prenominal) securitisation jam uniform investor pursuit to flip-flop his painting in owe securitisation to photograph in gondola securitisation chief financial officer of the similar enthronement comp either pursuit to raise chief city in the one-on-one system market. quislingism is find out we look clients best when we leverage the extensiveness of our privilege RBS00000 12 Questions? RBS00000 13This framework is issued by The majestic stick of Scotland plc (RBS) and is think to countenance the pass catche r (the pass catcher) with a summary of say-so movement structures and equipment casualty and conditions that whitethorn or may non lead to transactions existence entered into between RBS and the telephone receiver. Unless and until twain RBS and the telephone receiver chord to, and marker pro forma scripted contracts, it is non think that either RBS or the telephone receiver is, or go forth be, point of accumulation by each of these proposed harm and conditions. This real(a) is private and is intend for expend alone by the receiver and its pro advisers and be the position of RBS. 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