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Strategy

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Preparing for ring-fencing
About us

Suppliers, Partners and Landlords

Which part of Barclays am I in?

Landlords - 

  • 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 November 2017
  • Landlords remaining in Barclays Bank PLC or any other Barclays entity were notified in October 2017

Suppliers/Partners - 

  • Suppliers/Partners of Barclays Bank PLC proposed to move to the one of the new Barclays legal entities from April 2018 have been notified.
  • All other Suppliers/Partners to the Barclays group, including suppliers to entities other than Barclays Bank PLC, 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 since I was not transferred to the ring-fenced bank?

The majority of the remaining leases and contracts currently held by Barclays Bank PLC in the United Kingdom have been transferred to Barclays Services Limited. If your lease or contract is not moving to Barclays Services Limited, you will have been notified as per the above timetable. There have been 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 have been no change.

How does this affect me as a Supplier/Partner since I was not transferred to the ring-fenced bank?

The majority of the remaining contracts currently held by Barclays Bank PLC in the United Kingdom have been transferred to Barclays Services Limited. If your contract is moving to Barclays Services Limited, you will have been notified as per the above timetable. There have been no material changes to the terms and conditions in your contract(s).

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

The leases or contracts currently held by Barclays Bank PLC have been transferred to Barclays Bank UK PLC. There have been no changes to the other terms and conditions in the lease or contract.

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

The contracts currently held by Barclays Bank PLC have been transferred to Barclays Bank UK PLC. There have been no material changes to the other terms and conditions in the contract.

Transfer of liabilities and proceedings

Certain liabilities of Barclays Bank PLC have been transferred to the ring-fenced bank, where the business to which these relate has also transferred. These include any liabilities in relation to contracts and lease agreements that have moved to the ring-fenced bank under the ring-fencing transfer scheme.

Certain liabilities of Barclays Bank PLC have been transferred to Barclays Services Limited, where the operations to which these relate have also transferred. These include any liabilities in respect of any contracts that have moved to Barclays Services Limited.

Any ongoing or future proceedings (including claims or complaints before any court, governmental or regulatory authority or ombudsman (including the UK Financial Services Ombudsman)) being brought by or against Barclays Bank PLC have been transferred to:

  • the ring-fenced bank (in respect of liabilities or the business which have been transferred to the ring-fenced bank); or
  • Barclays Services Limited (in respect of liabilities or the operations which have been transferred to Barclays Services Limited).

 

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