Securitisation

Barclays undertakes securitisations of (i) own originated assets and (ii) third party assets through a variety of vehicles/transactions structures.

Barclays objectives in securitising its own assets include:

• obtaining regulatory capital relief;
• reducing credit risk; and
• obtaining term liquidity for the Group balance sheet.

The Group has securitised its own assets in the following asset classes:

• credit cards;
• residential mortgage loans; and
• corporate loans.

In addition the Group has a UK FSA registered covered bond programme. Barclays currently uses this programme to issue residential mortgage backed covered bonds.

In this section there is information on Barclays own originated securitisations bracketed by asset class. Within each class there is a brief overview of the transaction structure and performance. These summaries should not be regarded as exhaustive and are for information purposes only. These summaries do not disclose the risks and other significant issues related to an investment in the securities and are not a prospectus for any of the securities described. Investors should only subscribe for any securities described here on the basis of information in the relevant prospectus.

Detailed terms and conditions and full disclosure in respect of each transaction can be found in the relevant prospectus, which can be accessed via the Global Filings link at the right hand side of this page.

Please note that readers must register with Global Filings to access the documents and to give appropriate legal confirmations.