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Corporate Treasury

Important Customer Notice

KBC Bank Ireland would like to draw your attention to some important information.
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Overview of KBC Bank Ireland plc Corporate Treasury Division

Our team of professional treasury specialists have a wealth of knowledge and experience that is available to provide you with tailored solutions for your treasury needs.

Our parent bank is a major European bank with a global branch network.

1. Corporate, Credit Union and Institutional Deposits

Important Customer Information (108kb, pdf)

As part of a major European banking and Insurance Group (KBC Group NV), we offer a range of Deposit Products to the Corporate, Credit Union & Institutional Market.

2. Foreign Exchange

The Foreign Exchange division of our Corporate Treasury Division covers Spot & Forward FX.

KBC will cease all its FX activities with effect from 31st July. We remain open to accepting FX transactions up to the closure date on condition that the maturity date of the contract is no greater than 31st July 2022. Customers do not need to take any action as a result of this announcement, however, should you continue to require foreign exchange services, you will need to source a new provider.
 

Why choose KBC Bank Ireland for your Treasury Products?

  • We have over 40 years’ experience in the Irish Corporate market
  • Formerly known as IIB Bank, KBC Bank Ireland has had a presence in Ireland since 1973.
  • KBC Bank Ireland has the backing of a large European parent (KBC Bank NV)
  • KBC Bank Ireland’s liquidity management is fully integrated into KBC group’s liquidity framework.
  • We have a wide range of Treasury products.

Overview of KBC Bank NV, Dublin Branch

KBC Bank NV, Dublin Branch (“KBCD”) is a full branch of KBC NV. It has a short term credit rating of A1/P1 and its main area of business is the generation of deposits from large corporates and non-bank financial institutions.

KBC Dublin has no retail operations.

EMIR Exemption Disclosure

Disclosure of the exemption on the exchange of initial margin in case of intragroup OTC derivative transactions pursuant to the European Market Infrastructure Regulation (EMIR)

In accordance with Article 11(11) and Article 11(14)(d) of the Regulation (EU) No 648/2012 (EMIR regulation) and Article 20 of the Commission Delegated Regulation (EU) No 149/2013, counterparties that have received an exemption from this regulation for intragroup OTC derivative transactions are obliged to publicly disclose information on this exemption. As KBC Bank Ireland and its parent KBC Bank NV have been granted exemption from exchanging initial margin for intragroup OTC derivative transactions, details regarding this exemption are published below.

KBC Bank Ireland Plc        (LEI code: 96QM9M0BWQYBMDQH8L02)
KBC Bank NV                      (LEI code: 6B2PBRV1FCJDMR45RZ53)

The received exemption is a partial exemption, limited to the exchange of initial margin for intragroup OTC derivative transactions. There is no exemption for the exchange of variation margin.

The notional aggregate amount of the OTC derivative contracts between KBC Bank Ireland Plc and KBC Bank NV is detailed below. The notional amount detailed is at the end of August 2021.

Counterparty 1
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Legal Entity Identifier counterparty 1
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Counterparty 2
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Legal Entity Identifier counterparty 2
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Corporate relationship
(counterparty 2)
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Exemption
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Notional aggregate amounts of the OTC derivative contracts (in EUR equivalent)
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KBC Bank Ireland plc
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96QM9M0BWQYBDQH8L02
KBC Bank NV
6B2PBRV1FCJDMR45RZ53
Parent
Partial
€4,623,592,744.12