Barclays, Base Prospectus 2006

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- 176 - loans and advances and other credit provisions of £1,571 million (2004: £1,093 million). The financial information in this paragraph is extracted from the audited 2005 Issuer Annual Report. Principal Subsidiaries of Barclays Bank PLC Country of Percentage of equity registration or incorporation Company name Barclays Bank of Botswana Nature of business capital held Botswana Limited Banking 74.9 Cayman Islands Barclays Capital Japan Limited Securities dealing 100* Egypt Barclays Bank Egypt SAE Banking 100 England Barclays Private Bank Limited Banking Commercial finance, 100* Barclays Mercantile Business holding company, England Finance Limited Barclays Global Investors UK leasing 100 England Holdings Limited Holding company Investment 87.9 England Barclays Global Investors Limited management 87.9* Barclays Life Assurance Company Life and pensions England Limited business Banking, securities 100 Barclays Bank Trust Company industries and trust England Limited services 100 England Barclays Stockbrokers Limited Barclays Capital Securities Stockbroking 100 England Limited Securities dealing 100 Barclays Global Investors Pensions Investment England Management Limited management 87.9* England FIRSTPLUS Financial Group PLC Gerrard Investment Management Consumer finance 100* England Limited Banking 100* Ghana Barclays Bank of Ghana Limited Barclays Insurance (Dublin) Banking 100 Ireland Limited Barclays Assurance (Dublin) Insurance 100* Ireland Limited Barclays Private Clients Insurance 100* Isle of Man International Limited Banking 100 Barclays Private Bank & Trust Banking, holding Jersey Limited company 100* Kenya Barclays Bank of Kenya Limited Banking 68.5 South Africa Absa Group Limited Banking 56.6 Spain Barclays Bank SA Banking Banking and trust 99.6 Switzerland Barclays Bank (Suisse) S.A. services 100* USA Juniper Financial Corporation Credit card issuer 100 USA Barclays Capital Inc. Securities dealing Investments 100* Barclays Global Investors, management and USA National Association Barclays Bank of Zimbabwe securities industry 87.9* Zimbabwe Limited Banking 67.7* In accordance with Section 231(5) of the Companies Act 1985, the above information is provided solely in relation to principal subsidiary undertakings.
- 177 - With the exception of Barclays Capital Japan Limited which operates in Japan, the country of registration or incorporation is also the principal area of operation for each of the above undertakings. Investments in these undertakings are held directly by Barclays Bank PLC except where marked *. Trend Information and Information on the Issuer’s Financial Position Save as disclosed in this Base Prospectus there has been no significant change in the financial position of the Issuer or the Group and there has been no material adverse change in the prospects of the Issuer or the Group since 31st December, 2005 (the date of the last published audited financial statements of Barclays Bank PLC). Recent developments, competition and regulatory matters On 13 March 2006 the Issuer announced that it had signed a non-binding letter of intent with Canadian Imperial Bank of Commerce ("CIBC") for the sale of Barclays 43.7 per cent. stake in FirstCaribbean International Bank ("FirstCaribbean") to CIBC. The transaction is anticipated to take place at a price of US$ 1.62 per FirstCaribbean share with a total transaction value of approximately US$ 1.08 billion. The proposed transaction is subject to the completion of due diligence, the negotiation and execution of definitive documentation and regulatory approval. It is anticipated that the transaction will complete late in 2006. On 1 January 2006, Barclays completed the sale to Absa Group Limited of the Barclays South African branch business (the "Business"). The Business consists of the Barclays Capital South African operations and Corporate and Business Banking activities carried out by International Retail and Commercial banking (South African branch), together with the associated assets and liabilities. There is continuing political and regulatory scrutiny of, and major changes in, legislation and regulation of the retail banking and consumer credit industries in the UK and elsewhere. In the European Union ("EU") as a whole, this includes an inquiry into retail banking in all 25 member states by the European Commission's Directorate General for Competition. The inquiry is looking at retail banking in Europe generally and the Group is co-operating with the inquiry. The outcome of the inquiry is unclear, but it may have an impact on retail banking in one or more of the EU countries in which the Group operates and therefore on the Group's business in that sector. In the UK, in September 2005, the Office of Fair Trading ("OFT") received a super-complaint from the Citizens Advice Bureau relating to payment protection insurance ("PPI"). As a result of its inquiries, the OFT commenced a market study on PPI on 3rd April, 2006. The impact of the study cannot be known at present. In relation to UK consumer credit: • The OFT has carried out investigations into Visa and MasterCard credit card interchange rates. The decision by the OFT in the MasterCard interchange case is being appealed to the Competition Appeals Tribunal and the appeal is expected to be heard towards the end of 2006. The OFT's investigation in the Visa interchange case is at an earlier stage. • The OFT has also been investigating the level of late and over-limit fees on credit cards. The OFT announced its findings on 5th April, 2006 requiring a response from credit card companies by 31st May, 2006. Barclaycard has responsed by confirming that it will be reducing its late and over-limit fees. These investigations are looking at several aspects of the UK consumer credit industry and the Group is co-operating with them. The outcome of most of them is not known but they may have an impact on the consumer credit industry in general and therefore on the Group's business in this sector. The OFT announced in January 2006 that it would be reviewing the undertakings given following the conclusion of the Competition Commission Inquiry in 2002 into the supply of banking services to small-medium enterprises. The OFT commenced that review in April 2006 and anticipates that it will take them 9 months. The Group will cooperate fully with that review.
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BASE PROSPECTUS (Basisprospekt) BAR
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-3- Part A. 1 Summary of the Progra
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-5- Securities or Reference Entitie
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-7- the issuer of the underlying se
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-9- Exchangeable Notes The Issuer a
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-11- As at 31st December 2005 '000
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- 13 - Part A. II Kurzbeschreibung
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-15- Kreditbezogene Schuldverschrei
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-17- identisch sind, können eine e
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-19- Währungsbezogene Schuldversch
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-21- Anwendbares Recht Die Schuldve
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-23- Schuldtitel im Umlauf 103.328
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- 25 - Index Linked Notes are not i
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- 27 - Market Value of the Notes Th
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- 29 - Risks Relating To The Financ
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- 31 - Part B. II Risikofaktoren (d
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- 33 - Aktienbezogenen oder Kreditb
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- 35 - Die Emittentin kann die Schu
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- 37 - Mit dem Finanzdienstleistung
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- 39 - Part C Responsibility Statem
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- 41 - Part E Terms and Conditions
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- 43 - Supplemental Terms and Condi
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- 45 - [[In the case of TEFRA C [No
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- 47 - and updated as at the Issue
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- 49 - (b) where the Calculation Pe
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- 51 - incur a materially increased
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- 53 - (c) to, or to a third party
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- 55 - be binding on the Issuer, th
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- 57 - §13 (Governing Law, Jurisdi
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- 59 - "Extraordinary Dividend" mea
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- 61 - "Index Level" means the leve
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- 63 - "Currency Valuation Date" me
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- 65 - Notwithstanding the precedin
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- 67 - Amount [or the Reference Ass
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- 69 - (a) that fifth Exchange Busi
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- 71 - the range within which the p
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(i) Fallback Reference Price - 73 -
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- 75 - "Settlement Disruption Event
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- 77 - not) determine the appropria
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- 79 - "Default Requirement" means
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- 81 - to or announcement of any of
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- 83 - [[Im Fall von TEFRA C [Schul
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- 85 - (2) Zinssatz. Der Zinssatz (
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- 87 - (6) "Zinstagequotient" bezei
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- 89 - "Ausübungstag") eine ordnun
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- 91 - "Geschäftstag" ist jeder Ta
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- 93 - §9 (Beauftragte Stellen) (1
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- 95 - (3) Die Ersetzungs-Dokumente
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- 97 - Diese Emissionsbedingungen s
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- 99 - "Börsenstörung" bedeutet i
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- 101 - [Im Fall von Indexbezogenen
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- 103 - gekommen wäre) jedes im In
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- 105 - von der Berechnungsstelle u
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- 107 - werden oder in sonstiger We
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- 109 - (wobei keine Anpassungen vo
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- 111 - "Nahegelegener Monat" bezei
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- 113 - Uns ist bekannt, daß diese
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[Bei Vorliegen eines Warenkorbs ein
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- 117 - §4d (Lieferung von Basiswe
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- 119 - GERMAN VERSION OF THE SUPPL
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- 121 - Art) fällig geworden wäre
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- 123 - Verpflichtung der Emittenti
Page 125 and 126: - 125 - ERWERBER DIESER [SCHULDVERS
Page 127 and 128: - 127 - und den Wert der [Schuldver
Page 129 and 130: Value]: [Nennbetrag/-beträge] [Nen
Page 131 and 132: Festzinsmodalitäten: (i) Rate(s) o
Page 133 and 134: - Relevant Screen Page: Maßgeblich
Page 135 and 136: (b) Higher (Maximum) Redemption Amo
Page 137 and 138: Rückzahlungsbetrag: (v) Determinat
Page 139 and 140: Lieferungstag: (viii) Pricing Date:
Page 141 and 142: (ix) Equity Valuation Time: Aktienb
Page 143 and 144: Kreditbezogene Modalitäten: (i) Cr
Page 145 and 146: Anwendbare Bestimmungen für den Fa
Page 147 and 148: 47. Subscription Agreement (if any)
Page 149 and 150: 56. Additional selling restrictions
Page 151 and 152: - 151 - APPENDIX A TO THE FORM OF F
Page 153 and 154: - 153 - The closing price of the Sh
Page 155 and 156: - 155 - APPENDIX D TO THE FORM OF F
Page 157 and 158: - 157 - APPENDIX B ZUM MUSTER-KONDI
Page 159 and 160: - 159 - APPENDIX C ZUM MUSTER-KONDI
Page 161 and 162: Master Subscription Agreement - 161
Page 163 and 164: - 163 - delivered, and will not off
Page 165 and 166: - 165 - Directive" means Directive
Page 167 and 168: (iii) Payments of interest to certa
Page 169 and 170: - 169 - holder and the legal entity
Page 171 and 172: - 171 - to German income tax and so
Page 173 and 174: Potential German Tax Law Amendment
Page 175: Risk Factors - 175 - Part H Descrip
Page 179 and 180: Additional Information - 179 - The
Page 181 and 182: - 181 - Part I General Information
Page 183 and 184: - 183 - Availability of Documents S
Page 185 and 186: - 185 - SIGNATORIES Signed on behal
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Barclays, Base Prospectus 2006

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