Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Capital instruments main features template
Coupon/ dividends
17
Fixed or floating dividend/
Fixed to floating
Floating
Fixed to floating
Fixed to floating
Fixed
coupon
18
Coupon rate and any
5.556% (fixed)
1 yr NZD swaprate
6,567
5.50
4.15
related index
76 bps
19
Existence of a dividend
No
No
No
No
No
stopper
20a
Fully discretionary,
Partially discretionary:
Partially discretionary:
Partially discretionary:
Partially discretionary:
Partially discretionary:
partially discretionary or
Required (partial or full)
Required if the issuer
Required if the issuer
Required if the issuer
Required if the issuer
mandatory (in terms of
unless not permitted
makes payments
makes payments
makes payments
makes payments
timing)
to the extent that NL
on junior/pari passu
on junior/pari passu
on junior/pari passu
on junior/pari passu
banking regulations
securities or redeems,
securities or redeems,
securities or redeems,
securities or redeems,
prohibits. Dividend
repurchases or
repurchases or
repurchases or
repurchases or
pusher if distributions
otherwise acquires
otherwise acquires
otherwise acquires
otherwise acquires
are being made on
junior securities in the
junior securities in the
junior securities in the
junior securities in the
junior or other Tier 1
12 months preceding
12 months preceding
12 months preceding
12 months preceding
instruments (partial
the relevant Interest
the relevant Interest
the relevant Interest
the relevant Interest
or full)
Payment Date, unless it
Payment Date, unless it
Payment Date, unless it
Payment Date, unless it
is prohibited.
is prohibited.
is prohibited.
is prohibited.
Interest is prohibited if
Interest is prohibited if
Interest is prohibited if
Interest is prohibited if
the relevant Solvency
the relevant Solvency
the relevant Solvency
the relevant Solvency
Rules prohibit payments
Rules prohibit payments
Rules prohibit payments
Rules prohibit payments
on junior or pari passu
on junior or pari passu
on junior or pari passu
on junior or pari passu
securities. All other
securities. All other
securities. All other
securities. All other
interest is payable at
interest is payable at
interest is payable at
interest is payable at
the Issuer's discretion,
the Issuer's discretion,
the Issuer's discretion,
the Issuer's discretion,
but subject to dividend
but subject to dividend
but subject to dividend
but subject to dividend
pusher (for junior and
pusher (for junior and
pusher (for junior and
pusher (for junior and
pari passu instruments).
pari passu instruments).
pari passu instruments).
pari passu instruments).
20b
Fully discretionary,
Partially discretionary
Partially discretionary
Partially discretionary
Partially discretionary
Partially discretionary
partially discretionary or
mandatory (in terms of
amount)
21
Existence of step up or
Yes
No
No
Yes
Yes
other incentive to redeem
22
Non-cumulative or
Non-cumulative
Non-cumulative
Non-cumulative
Non-cumulative
Non-cumulative
cumulative
23
Convertible or non-
Non-convertible
Non-convertible
Non-convertible
Non-convertible
Non-convertible
convertible
29
30
31
If convertible, conversion
trigger(s)
If convertible, fully or
partially
If convertible, conversion
rate
If convertible, mandatory
or optional conversion
If convertible, specify
instrument type
convertible into
If convertible, specify
issuer of instrument it
converts into
Write-down features
If write-down, write-down
triggers(s)
No
No
No
No
No
If write-down, full or
partial
If write-down, permanent
or temporary
If temporary write-down,
description of write-up
mechanism
35
Position in subordinated
hierarchy in liquidation
(specify instrument type
immediately senior to
instrument)
Subordinated to Tier 2
instruments
Subordinated to Tier 2
instruments
Subordinated to Tier 2
instruments
Subordinated to Tier 2
instruments
Subordinated to Tier 2
instruments
36
Non-compliant
transitioned features
Yes
Yes
Yes
Yes
Yes
37
If yes, specify non-
compliant features
No fully discretionary
coupons
No fully discretionary
coupons
No fully discretionary
coupons
No fully discretionary
coupons
No fully discretionary
coupons
374 Rabobank Annual Report 2016
