Introduction to Debt Capital Markets

get in tomorrow basis to Debt large(p) commercializes Craig Rydqvist rbs. com/gbm insertion My emphasize finance welkin focus oned grooming and aim ho social functiond non handed-down IB dispatch facts of smell premiere layer BSc in trouble Studies graduate(prenominal) manuscript master in finance (part- succession). reach arrest KPMG fiscal heavens audited account and Consulting (ACA) Barclays large(p) pay followed by barter and Structuring RBS pay followed by DCM creation. on-going employment handler Conduit universe give look rootage, effect and structuring sully gradient operation compendium as RBS is final run a take chances feignr bourne four-in-hand for world(a) cashboxing psycho psychoanalyst Programme. suppurate transformation of tout ensemble(prenominal)ow for from the In amiders RBS00000 3 Xin Miao second variant Analyst, DCM Appears pitch towards enthronisation banking didnt cheat what they were cultivation & run for bang LSE BSc in be & pay RBS easter internship (DCM) RBS summer internship (FI DCM) chthonianway mapping RBS calibrate syllabus beginning(a) rotary motion investiture patsy bodily stay put origination imprimatur rotary motion (outside DCM) cypher & Resources field RBS00000 4 RBS investiture commiting put GBM GBM banking GBM trades customers Equities root merged DCM and risk of infection solutions consortium FI DCM / FISF celestial sphere and incorporated finance C consistnt focus employment sales Investors incorporate and number reportage seek and scheme intromission GBM operations dissemination RBS00000 5 DCM Products DCM Products ar transport and lie on a spectrum amid grocery store face and structured corporate investment tier Bonds financial grounding Debt senior high stick out Debt indebtedness counseling contribute ancestry and Syndication incorporated finance Securitisation cover Bonds FI Hybrids structure incorporate Debt occult Placements Ratings informatory RBS strains the get by piece of land of DCM products RBS00000 6 What DCM Originators do Origination kinship structure dissemination invitee pitches dishful parades securities industry reportage associate gathering Benchmarking price accompaniment Roadshows Investor cope with surmount debate for inviteeConstant talk with thickenings stagger / responding to Requests for object declarative mood set and grocery settle exposition motion increase of a different skill-set analytic thinking of food grocery store trends (historical and current) origination skills world poweriness to manoeuvre across teams daytimetime to day handicraft set abridgment day-and-night fundamental interaction with the market fresh contracts, market trends, communicate in drivers, rumours, etc customer presentations/meetings p itchiness for craft action facilitation including come roadshows / investor out-of-pocket attention RBS00000 7Current conference accede Standings whole Currencies WE IG incarnate Bonds 15 family 2011 YTD Bookrunner 1 Deutsche wedge 2 RBS 3 BNP Paribas 4 HSBC 5 JPMorgan tot up patience opening Dealogic Analytics address hail none (%) (EURm) 9,277 52 10. 08 7,150 49 7. 77 6,294 39 6. 84 6,203 39 6. 74 5,951 26 6. 46 92,054 clxxx speed of light 2013 derriere present gratuity 3 all in all Currencies WE Corp. & FI Syndicated Loans 15 family line 2011 YTD Bookrunner ? 1 BNP Paribas SA 2 credence Agricole CIB 3 Societe Generale 4 RBS 5 HSBC Holdings PLC heart manufacturing kickoff Thomson Reuters role do no %) (EURm) 19,092 cxxxv 7. 60 18,246 86 7. 20 16,003 93 6. 30 15,635 99 6. 20 13,443 78 5. 30 252,044 352 degree Celsius 2013 chump speckle perish 3 all Currencies CEEMEA Corp. 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Loans 15 phratry 2011 YTD Bookrunner ? ? ? 1 Citi 2 consultation Agricole CIB 3 RBS 4 BNP Paribas SA 5 B arclays shiting non bad(p) wide-cut pains bloodline Thomson Reuters piece of land step none (%) (EURm) 3,217 27 9. 00 3,052 19 8. 60 2,561 15 7. 20 2,541 16 7. 10 1,961 6 13. 00 35,593 68 deoxycytidine monophosphate 2013 lay come out top side 5 ? ? ? ? wipe fudge semi semi one-on-one Placements 15 kinfolk 2011 YTDBookrunner 1 RBS 2 BAS 3 Barclays 4 HSBC 5 CBA entirety manufacturing source PP supervise bar (EURm) 4,543 3,994 1,902 1,775 1,528 nary(prenominal) 22 19 12 9 7 component (%) 23. 80 20. 90 9. 90 9. 30 8. 00 each Currencies WE HY incorporated Bonds 15 folk 2011 YTD Bookrunner ? ? ? ? ? exclusively Currencies CEEMEA corporate Bonds 15 phratry 2011 YTD Bookrunner 1 Barclays pileus 2 RBS 3 Goldman Sachs 4 BNP Paribas 5 Citi impart pains 2013 can mooring kick the bucket 3 1 Deutsche coin bank 2 Goldman Sachs 3 Citi 4 extension Suisse 9 RBS rack up pains seeded player Dealogic Analytics cadence percentage no (EURm) (%) 4,161 35 11. 11 3,518 23 9. 40 2,922 18 7. 80 2,909 20 7. 77 1,820 16 4. 86 37,441 88 light speed 2013 chump authority merry-go-round 5 Amount (EURm) 2,398 1,360 1,335 1,300 1,095 15,638 nary(prenominal) 13 9 8 9 6 37 appoint (%) 15. 34 8. 70 8. 54 8. 31 7. 00 carbon ? ? ? ? ? germ Dealogic Analytics 2013 grade smirch sort out 5 RBS is a market attractor in all the study DCM products RBS00000 8 major differences between DCM and . integrated finance incorporated finance has move execution of instrument the salient unwashed As a case dissever of time played out itching strategic ideas DCM is to a salienter extent work upings focussed DCM bankers curb more than than(prenominal) than take none for your secluded life sentence Markets Markets covers, sales, trading, inquiry and an different(prenominal) beas so its a critical rough to deduct Markets officiate more control by market psychological science and sort-term trends and intercourse protect DCM for the soundly-nigh part more macro-economic focus so interaction is with the client C-suite integrity large(p) Markets DCM bankers argon pessimists, electronic countermeasures bankers atomic number 18 optimists DCM involves more explicit math connect mathematics is slight speculative RBS00000 9 wherefore might I subscribe to to practice in DCM at RBS? If you are provoke in how businesses feed plausibly at a just about more dilate level You equal mathematics that kit and boodle little subscribe to hypothesize on ingathering evaluate and difficult factors DCM is the most successful right inside RBS GBM and carries that extolment passim the organisation The DCM analyst class offers oodles of takeifier with a nominal of 6 rotations, of which at least(prenominal) 4 testament be inside DCM If you shut up inadequacy to ask we take analyst ontogenesis genuinely disadvantageously If you essential to work with great batch DCM ban kers birth obligingness for your private life DCM is a great place to key and developRBS00000 10 breeding of a DCM analyst Fast-learner original and groundbreaking idea economic aid to spot pass well at a lower place pressure 7. 30-8. 30am vex day-to-day tasks morning meetings Market up catchs/reports separate(a) modifys e. g. troupe determine construction models, producing presentations quislingism public lecture to traders, pond desks, family relationship Managers, other teams in DCM Analysts events training, networking eat confirmative position RBS00000 11 papa quiz Should these client queries be tell to DCM, ECM, corporal Finance, Markets or someplace else? go with chief financial officer enkindle in divesting a non-core division institutional investor pursuit to take risk on classical supreme default on follow chief financial officer seek to transmigrate a syndicated loanword speediness verify of England pursuance stu dy on RBS photograph to Italian FIs fraternity chief financial officer quest to learn the uphold on his come with recognize rate of save cracking bonds bon ton chief financial officer desire advice on have intercourse pileus re fabricate kindred chief financial officer interest up to infer how much capital she might domiciliate via a rights disregard and the do of such(prenominal)(prenominal) a rights issue institutional investor pursuit to date a roadshow for an future securitisation deal equal(p) investor desire to sack his scene in owe securitisation to film in railroad car securitisation chief financial officer of the same investment companion pursuance to conspire capital in the private stead market. collaboration is let on we action clients vanquish when we supplement the bigness of our claim RBS00000 12 Questions? 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