International Trade Finance
On the 19th August 2010, Lloyds Banking Group plc announced its intention to close Bank of Scotland (Ireland) Limited on the 31st December 2010. On the 31st December 2010, all of the assets and liabilities of Bank of Scotland (Ireland) Limited transferred to Bank of Scotland plc through a merger and Bank of Scotland (Ireland) Limited ceased to exist.
Your Facility Agreement is now with Bank of Scotland plc. Your rights and obligations under your Facility Agreement (including under the General Conditions) are not affected and your Facility Agreement will remain in place until it ends in accordance with your Facility Agreement or until any Guarantee, Bond or Standby Letter of Credit is released, whichever is the later.
You are expected to continue to operate your facility in line with the terms and conditions of your Facility Agreement.
For further details on how this has impacted you, see our International Trading Finance FAQ. Alternatively, if you have any queries in relation to the contents of this letter, please contact your Relationship Manager in Certus to discuss your individual arrangements.