BERWICK, Chas, GBM

Flam: aznwucx, cnas, GEM
Sent: me 711512003 3:47 PM 6M1 n]
m:

    

manu--

0
Exam
Sem- Tue Jul 15

15.45.12 2003 Subjen' 1m: deals

   

Thanks Chas' leave smly Slat an RCB namepage

 

 

Ongmal Message
me. Chas CBM 52m 15

My 2003 12,05 To--



Follawmg on-emaxl 1an week please see below an aumne ped up and .eady
for on me Amranm \Iames have been mmoved assm wider (ummumzauun and all max, 50 shauld be good [a go
(although do have a read 84 sanuy (hecL mough')

 

Sham AF yuu need more

    

ls rhe yea. of me Credu Clunch' and u. rhe eunenr enyuanmenr a Bank need [a mamram a snong halanee sneer
{m us very survlval

One way a Bank can do [hls ls reram as muth as posslole new deoaslrs and an ro me
(ash me>> already haw Tu Suppmt lldulduy, rue marker hauls have mneaSEd me .ares ar mey lend meu
(ash our ruereuy malmg more unamactlve lor anoruer haul ro lmnaw me money

has had me elrecr or mereasmg suan relm (ash lares (LIBOR Landau lnlelhank olrered Rare. me .are ar
banks lend ro eath amel) BUT ar me same rune eeanomle pressures are keepmg l3ase .are low Tlus has led
[a rhe unusual slluallan wuere LIBOR wlueu should nm close ro l3ase rare, has msread been much hlgher Al rhe
end or lasr yea. as much as 15% hlghel'

slnee rhe loans we make ro mu (usmmers are lunded on [door (l we pay Lluor ro source when we
lend lr ro a (usmmer agalnsl l3ase .are we acrually lose money an average aluund soups On [lhn or lzase .are
bonowmg eouares ro an [6m eosr a eosr mar ls lalally avmdahle

5a ls why lzase lare deur atmss ro moo. (m aeluevmg a hlgher lemm rm lzase lare ls
(mnal um only ms uur also aeross rhe enure marker Il's our easy [a do so much hlgher man
lzase .are we are aslmg our eusramels ro pay more ar a rune when melr uuslnesses may he lradlng me roughesr
seen over me lasr ISyrs'

lloweyer, gwEn me srrengm of our cusromer good negmlallon and elasely wuu your local
GBM reams can he aelueved llere are rwo sroues {mm me Saum Corporare Properly ream

 

Tbe Rayal lzanl of Sculland pk Reglslered Stmland Nu 90m Office 35 St Andmw Squale,
Edmhulgh m2
Ambansed and legulamd by the manual 

Ermall message ls (bulldennal and use by me addlessee only If me message ls lecewed by anyum mnel
than me addressee please the message [a [he sende. by and men delele the message {mm 
mmpulel lntEmEI emalls are nm seenle The Royal Banl bl Stmland does nm aceepl 
{m changes made [a [ms message afml was 

all reasonable eale has been lalen avuld me ar muses, ls me of me .euplem
ensule that me unwald bpenlng use armls message and any anacnmems um adyelsely- 
ns systems dala Nu ls attepled by The Rbyal Bank or Smlland ln legam and me .eclplem
should carry mu sneb \'l|us and olher (beds as canslders applupnam

uur websnes at. (am new (om/gbm Ibsgt cum