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Strategy

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Preparing for ring-fencing
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Suppliers, Partners and Landlords

Which part of Barclays will I be in?

Landlords - We are writing to landlords to confirm whether their lease will remain with their existing Barclays legal entity or transfer to a new one.

  • Landlords of Barclays Bank PLC proposed to move to the new Group Services Company, Barclays Services Limited, were notified in June 2017
  • Landlords of Barclays Bank PLC proposed to move to Barclays Bank UK PLC were notified in October 2017
  • Landlords remaining in Barclays Bank PLC or any other Barclays entity were notified in October 2017

Suppliers/Partners - We are writing to Suppliers/Partners to confirm whether their contract will remain with their existing Barclays legal entity or transfer to a new one.

  • Suppliers/Partners of Barclays Bank PLC proposed to move in September 2017 to the new Group Service Company, Barclays Services Limited, were notified between May and August 2017
  • Suppliers/Partners of Barclays Bank PLC proposed to move to the one of the new Barclays legal entities from April 2018 will be notified by the end of 2017
  • All other Suppliers/Partners to the Barclays group, including suppliers to entities other than Barclays Bank PLC, will remain with their existing entity. For the avoidance of doubt, this includes suppliers who have already been transferred to Barclays Services Limited.

How does this affect me as a Landlord if I’m not transferring to the ring-fenced bank?

Subject to approval by the Court, the majority of the remaining leases and contracts currently held by Barclays Bank PLC in the United Kingdom will be transferred to Barclays Services Limited and no action is required on your part.  If your lease or contract is not moving to Barclays Services Limited you will have been notified as per the above timetable.  There will be no changes to the terms and conditions in your lease or contract.

For leases and contracts held by Barclays Bank PLC and other Barclays’ entities outside of the United Kingdom, there will be no change.

For background information on the key Court dates, and guidance on how to participate in the process, please visit: home.barclays/ring-fencing-explained.

How does this affect me as a Supplier/Partner if I’m not transferring to the ring-fenced bank?

Subject to approval by the Court, the majority of the remaining contracts currently held by Barclays Bank PLC in the United Kingdom will be transferred to Barclays Services Limited and no action is required on your part.  If your contract is not moving to Barclays Services Limited you will have been notified as per the above timetable.  There will be no material changes to the terms and conditions in your contract(s).

For background information on the key Court dates, and guidance on how to participate in the process, please visit: home.barclays/ring-fencing-explained.

How does this affect me as a Landlord if I’m transferring to the new ring-fenced bank?

Subject to approval by the Court, the leases or contracts currently held by Barclays Bank PLC will be transferred to Barclays Bank UK PLC and no action is required on your part. There will be no changes to the other terms and conditions in the lease or contract.

If you have any questions or concerns before the November Court hearing then please contact your usual Barclays Property contact or email us at RingFencing-Landlords@barclays.com.

How does this affect me as a Supplier/Partner if I’m transferring to the new ring-fenced bank?

Subject to approval by the Court, the contracts currently held by Barclays Bank PLC will be transferred to Barclays Bank UK PLC and no action is required on your part. There will be no material changes to the other terms and conditions in the contract.

If you have any questions or concerns before the November Court  hearing then please get in touch with your usual Barclays contact or email us at BarclaysSRPCommsSuppliersGroupCentre@barclays.com

Concerns, complaints and further information

You can raise any concerns or complaints about the Scheme directly with Barclays here through Barclays’ Objections Portal. We will respond via your preferred contact method in relation to the Scheme-related concern or complaint you have raised. Any concerns or complaints raised in this way are not Statements to the Court. Information about how to make a Statement is available under ‘Statements to the Court’ here.

Barclays’ Objections Portal can also be used to request further information about the Scheme.
 

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