Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

More documents

Recommendations

Info

(in millions of euro) 30-Jun-09 31-Dec-08 30-Jun-08Derivative financial instruments and other tradeliabilities ........................................................................... 55,454 77,230 37,641Other debts........................................................................ 11,039 8,644 10,136Other financial liabilities at fair value through profit orloss.................................................................................... 27,672 24,797 26,548Provisions ......................................................................... 919 875 1,090Current tax liabilities ........................................................ 271 227 442Deferred tax liabilities ..................................................... 506 474 710Employee benefits ............................................................ 566 371 447Subordinated debt............................................................. 2,417 2,159 2,014Total liabilities................................................................. 578,508 578,661 535,595Total equity...................................................................... 36,853 33,459 32,192Total equity and liabilities.............................................. 615,361 612,120 567,787Condensed consolidated profit and loss account(in millions of euro)First half2009First half2008Interest .......................................................................................................... 3,885 3,919Fees and commission .................................................................................... 1,216 1,473Other income ................................................................................................ 1,156 361Total income ................................................................................................ 6,257 5,753Staff costs ...................................................................................................... 2,101 2,184Other administrative expenses ...................................................................... 1,337 1,281Depreciation and amortisation....................................................................... 257 252Operating expenses ..................................................................................... 3,695 3,717Value adjustments.......................................................................................... 1,119 158Operating profit before taxation ............................................................... 1,443 1,878Taxation ......................................................................................................... 127 265Net profit ...................................................................................................... 1,316 1,613Of which attributable to Rabobank Nederland and local Rabobanks ........... 938 1,259Of which attributable to holders of Rabobank Member Certificates ............ 160 150Of which attributable to Capital Securities ................................................... 96 39Of which attributable to Trust Preferred Securities III to VI ......................... 45 49Of which attributable to minority interests .................................................... 77 116Net profit for the period .............................................................................. 1,316 1,613285
Additional financial ratios:30-Jun-09 31-Dec-08 30-Jun-08BIS ratio 1 .......................................................................... 13.5% 13.0% 11.2% 2Tier I ratio 1 ........................................................................ 13.0% 12.7% 11.6% 2Bad debt costs (in basis points of average lending).......... 55 31 9Notes:(2) These figures have been based on the Basel II requirements with effect from 2008.(3) At 30 June 2008 these ratios have been calculated taking into consideration a floor of 90 per cent.286
Page 1 and 2:
Dit prospectus is gemaakt voor de u
Page 3 and 4:
A Dutch language description of the
Page 5:
FUND LINKED INTEREST NOTE PROVISION
Page 8 and 9:
Where:SPX (0) means the Reference L
Page 10 and 11:
(b)Whether the Notesrelate to a bas
Page 12 and 13:
37. Instalment Notes: Not Applicabl
Page 14 and 15:
PART B - OTHER INFORMATION1. LISTIN
Page 16 and 17:
Index to track general stock market
Page 18 and 19:
(b)(c)(d)(e)(f)Conditions to which
Page 20 and 21:
ANNEXDUTCH LANGUAGE DESCRIPTIONNEDE
Page 22 and 23:
OFFERING CIRCULARRABOBANK STRUCTURE
Page 24 and 25:
ChapterTABLE OF CONTENTSPageSUMMARY
Page 26 and 27:
Rabobank’s current long-term depo
Page 28 and 29:
y the International Swaps and Deriv
Page 30 and 31:
Delivery of the Deliverable Obligat
Page 32 and 33:
RISK FACTORSThe Issuer believes tha
Page 34 and 35:
Transfer limits are determined acco
Page 36 and 37:
Effect of governmental policy and r
Page 38 and 39:
Currency Linked NotesThe Issuer may
Page 40 and 41:
Adjustment to the terms and conditi
Page 42 and 43:
Prospective purchasers of the Notes
Page 44 and 45:
Notes issued at a substantial disco
Page 46 and 47:
implementation of the Savings Direc
Page 48 and 49:
Legal investment considerations may
Page 50 and 51:
IMPORTANT INFORMATIONThis Offering
Page 52 and 53:
equirement to publish a prospectus
Page 54 and 55:
Issuer or such directors and office
Page 56 and 57:
FORM OF FINAL TERMS (LESS THAN EUR
Page 58 and 59:
REPRESENTATION CAN BE MADE AS TO TH
Page 60 and 61:
8. Maturity Date or Redemption Mont
Page 62 and 63:
(i)Other terms relating to the meth
Page 64 and 65:
Redemption Amounts and Late Payment
Page 66 and 67:
INDEX LINKED INTEREST NOTE PROVISIO
Page 68 and 69:
[[●]/See Schedule]](b)(c)(d)(e)Pa
Page 70 and 71:
(Specify other)](f) Additional Fina
Page 72 and 73:
(c) Day Count Fraction: [Actual/Act
Page 74 and 75:
(c)Provisions for determining Final
Page 76 and 77:
(e)Relevant provisions for determin
Page 78 and 79:
[The obligation(s) identified as fo
Page 80 and 81:
(x) Physical Settlement Period: [
Page 82 and 83:
(j) Fund Business Day: [[●] (Give
Page 84 and 85:
DISTRIBUTION45. (a) If syndicated,
Page 86 and 87:
PART B - OTHER INFORMATION 71. LIST
Page 88 and 89:
composed by the Issuer and if the i
Page 90 and 91:
(When completing this paragraph, co
Page 92 and 93:
(h)(i)(j)(k)(l)[Procedure for exerc
Page 94 and 95:
FORM OF FINAL TERMS (AT LEAST EUR 5
Page 96 and 97:
(When adding any other terms, risk
Page 98 and 99:
[Fund Linked Redemption]/[Dual Curr
Page 100 and 101:
(f) Screen Rate Determination: [App
Page 102 and 103:
(e)Currencies and/or formula isimpo
Page 104 and 105:
(d)Provisions for determining theRa
Page 106 and 107:
(f) Additional Disruption Events: [
Page 108 and 109:
(j)Others terms or specialcondition
Page 110 and 111:
[Actual/Actual (ISDA)]/[Other](d) O
Page 112 and 113:
INDEX LINKED REDEMPTION NOTE PROVIS
Page 114 and 115:
(g) Observation Date(s): [[●] (Gi
Page 116 and 117:
Obligations:[The obligation(s) iden
Page 118 and 119:
Terms relating to PhysicalDelivery:
Page 120 and 121:
(vi) Benchmark Change: The benchmar
Page 122 and 123:
(When adding any other final terms,
Page 124 and 125:
PART B - OTHER INFORMATION 121. LIS
Page 126 and 127:
information about the index can be
Page 128 and 129:
(Include other information concerni
Page 130 and 131:
SCHEDULE [●] TO THE FINAL TERMS(I
Page 132 and 133:
Terms and Conditions for the purpos
Page 134 and 135:
Day Count Fraction =[360 x (Y2 - Y
Page 136 and 137:
“Delivery Agent”“Determinatio
Page 138 and 139:
and/or of DTC, as applicable, as th
Page 140 and 141:
Bearer Notes are represented either
Page 142 and 143:
writing, be mailed by uninsured pos
Page 144 and 145:
(b)Interest on Floating Rate Notes,
Page 146 and 147:
The Agency Agreement contains provi
Page 148 and 149:
(d)Interest on Dual Currency NotesI
Page 150 and 151:
In the case of a partial redemption
Page 152 and 153:
Where such calculation is made for
Page 154 and 155:
Redemption Amount and/or the Strike
Page 156 and 157:
(irrespective of whether that eight
Page 158 and 159:
price risk of the Issuer issuing an
Page 160 and 161:
espect of a Multi-Exchange Index ex
Page 162 and 163:
exchange or quotation system as on
Page 164 and 165:
8. Equity Linked Notes(a)Redemption
Page 166 and 167:
e appropriate to preserve the econo
Page 168 and 169:
case, such date of delivery shall b
Page 170 and 171:
Equity Issuer or Underlying Equity
Page 172 and 173:
For the avoidance of doubt, where a
Page 174 and 175:
(vii)If the Calculation Agent deter
Page 176 and 177:
(C)“Valid Date” shall mean a Sc
Page 178 and 179:
effect transactions in, or obtain m
Page 180 and 181:
occurrence of a Disrupted Day shall
Page 182 and 183:
Calculation Agent) on the overall m
Page 184 and 185:
9. Fund Linked Notes(a)Redemption o
Page 186 and 187:
(x)(xi)(xii)any material change or
Page 188 and 189:
elevant Final Terms) or its equival
Page 190 and 191:
(c)Disrupted Days(i)Valuation Dates
Page 192 and 193:
“FundAdministrator”“Fund Advi
Page 194 and 195:
(b)Cash SettlementIf Cash Settlemen
Page 196 and 197:
no further or other amount in respe
Page 198 and 199:
Notice, the relevant Noteholder may
Page 200 and 201:
the same highest or lowest value, t
Page 202 and 203:
method or if such Obligation’s yi
Page 204 and 205:
“Best AvailableInformation”mean
Page 206 and 207:
(ii)(iii)where “Grace Period Exte
Page 208 and 209:
“Deliverable Obligation”means,
Page 210 and 211:
Obligation may be included as a Del
Page 212 and 213:
“Assignable Loan”, “Consent R
Page 214 and 215:
whose outstanding Voting Shares are
Page 216 and 217:
Obligation”“Governmental Author
Page 218 and 219:
Entity consolidates or amalgamates
Page 220 and 221:
aforementioned currencies, which cu
Page 222 and 223:
Default Requirement have become due
Page 224 and 225:
Issuer a certificate signed by a Ma
Page 226 and 227:
Quotations shall include or exclude
Page 228 and 229:
effective.“Restructured Bond orLo
Page 230 and 231:
Deliverable Obligation Characterist
Page 232 and 233:
change in the Reference Obligation
Page 234 and 235:
Derivatives Definitions.Upon the Ca
Page 236 and 237:
(ii)The following Valuation Methods
Page 238 and 239:
(l)Provisions relating to Multiple
Page 240 and 241:
(d)Payments in respect of Registere
Page 242 and 243:
12. TaxationAll payments of princip
Page 244 and 245:
15. AgentsThe Issuing and Paying Ag
Page 246 and 247:
The Agency Agreement may be amended
Page 248 and 249:
the first payment of interest there
Page 250 and 251:
FORM OF THE NOTESInitial Issue of N
Page 252 and 253:
procure the delivery of, a Permanen
Page 254 and 255:
−Notices. So long as any Notes ar
Page 256 and 257: CLEARING AND SETTLEMENTBook-Entry O
Page 258 and 259: Euroclear and Clearstream customers
Page 260 and 261: 59.1 per cent., and the return on e
Page 262 and 263: agricultural market. Structured Fin
Page 264 and 265: Real estate, Rabo Vastgoedgroep N.V
Page 266 and 267: and that Rabobank Group’s broad r
Page 268 and 269: Leveraging Rabobank’s distributio
Page 270 and 271: RABOBANK GROUP STRUCTURECoöperatie
Page 272 and 273: Rabobank Nederland’s “central b
Page 274 and 275: continue. Management expects that t
Page 276 and 277: footnotes to the audited consolidat
Page 278 and 279: Operating expenses. Total operating
Page 280 and 281: Year ended 31 December20082007(rest
Page 282 and 283: Year ended 31 December20082007(rest
Page 284 and 285: Other income. Other income decrease
Page 286 and 287: Year ended 31 December 2007 compare
Page 292 and 293: Year ended 31 December20082007*(res
Page 294 and 295: Contingent liabilities relate prima
Page 296 and 297: The BIS ratio is calculated by divi
Page 298 and 299: The table below sets forth a geogra
Page 300 and 301: (in millions of euro)BanksPublicaut
Page 302 and 303: The following table provides an ana
Page 304 and 305: At 31 December(in millions of euro)
Page 308 and 309: RISK MANAGEMENTRabobank Group place
Page 310 and 311: Credit riskRabobank Group aims to o
Page 312 and 313: Liquidity risk is an organisation-w
Page 314 and 315: Supervisory BoardThe Supervisory Bo
Page 316 and 317: increasing legislation and regulati
Page 318 and 319: Supervisory Board of Rabobank Neder
Page 320 and 321: Auxiliary positionsDate of first ap
Page 322 and 323: Date of first appointment tothe Sup
Page 324 and 325: Date of first appointment tothe Sup
Page 326 and 327: Supervision & Monetary Affairs and
Page 328 and 329: REGULATION OF RABOBANK GROUPRaboban
Page 330 and 331: Dutch regulationGeneralAs of Septem
Page 332 and 333: EmergenciesThe Financial Supervisio
Page 334 and 335: TAXATIONGeneralThe following summar
Page 336 and 337: to dispose of the Notes. In some ca
Page 338 and 339: settlement institution and pays the
Page 340 and 341: their own professional advisers as
Page 342 and 343: should consult their tax adviser co
Page 344 and 345: espect to the Discount Note for eac
Page 346 and 347: (c) it does not provide for any pri
Page 348 and 349: U.S. federal income tax purposes) h
Page 350 and 351: Contingent NotesGain from the sale
Page 352 and 353: issue price of a Foreign Currency C
Page 354 and 355: 4.3 U.S. Federal Income Tax Treatme
Page 356 and 357:
Issuers intend to treat the Forward
Page 358 and 359:
Retirement of an Option Note for Ca
Page 360 and 361:
U.S. Holder will be required to dis
Page 362 and 363:
‘“benefit plan investors”.
Page 364 and 365:
(7) Distribution of this Offering C
Page 366 and 367:
(d)(e)at any time to fewer than 100
Page 368 and 369:
for the purposes of its business an
Page 370 and 371:
e-offering or resale, directly or i
Page 372 and 373:
GENERAL INFORMATION1. Application h
Page 374:
PRINCIPAL OFFICE OF THE ISSUERCoöp
show all

Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

Create successful ePaper yourself

Delete template?

Save as template?