Next Gen News

exchanges released by the U.S. Commodity Futures Trading Commission show RBS staff conspiracy to fix the Libor presentations

Yen Libor

In RBS manipulative behavior:

August 20, 2007 (. Emphasis in original) (. Pp RBS Order 17-18)

Yen Trader 4 when young [Yen Trader 1] establish thought

Yen Trader 1: Where do you want [,] libor is [,] which is now called

Yen Trader 4: haha, I'm glad you clarified! mixed feelings, but mostly I want everyone down starts to feel a little more.

Senior

Yen Trader: all hedge funds [HF] World kisses instead of calling go lower if libor

Trader Yen

1: ok, I'll move the curve of the [,] button 1PB [,] may be [,] if I can

Senior Trader Yen

: tomorrow may fix hehehe

Trader Yen

1: fine [,] that go with yesterday after

Yen Trader

main: cool

Trader Yen

1: tomorrow may be a little more

August 20, 2007 (. Emphasis in original) (. Reflecting conduct awareness UBS) (. Pp RBS Order 14-15)

Senior Trader Yen

: This option is more Nutss libor

[...]

Bank Trader A: im confused as to why not put on libor 3m after Fed action

[...]

Bank Trader B: [UBS] is paid through my wrists in 3 months parts do u see it do the same thing urs

[...]

main Yen Trader: yes [,] has always been in my mkt usd [,] the jpy libor is now displayed

[...]

Senior Trader: Yen

fix its amazing how much money can libor

[...]

Yen main

Trader [.] Is this a poster in London now feel all irs one year .. and set too high or too low

December 5, 2007 (. Emphasis in original) (RBS order p .. 15)

Trader Yen

2: FYI libors more today

[...]

Yen Trader 4: "ucksake. maintain our low if poss. I do not understand why you have to go yen

Trader Yen

2: dude no reason [,] [Bank C] and [D Bank] was yest high

Trader Yen 4: send the boys round

[...]

Yen

Manager: pure manipulation happens

April 2, 2008 (. Emphasis in original) (Order RBS p .. 10)

Yen main

Trader [.] [.] Nice 6m Libor fixing fix our moving around hahahah

Yen Trader 1: BBA called to ask about it today

Senior Trader Yen

:? Really

Yen Trader 1: yes

Higher Yen Trader

: complain

Trader Yen

1: asked to speak with me on the low 6m

Trader Yen

1: No [,] just to make sure I was happy with it

[...]

Yen main

Trader: I think there must be some banks complain

Yen Trader 1: called b4 any other banks have seen our data [,] about 11.15 [,] to check he was okay

Yen Trader

main ah, ok then

Yen Trader 1: before publishing

Senior Trader

Yen: I'm sure that some hedge funds [HF] will complain tomorrow ..

Yen Trader: Hard

Senior Trader: Yen

say all went under .. 1m 3m 6m .. Name rbs we have a very good credit .. no problem getting money

Senior Trader: Yen

! Good way to increase the share price

Trader main Yen

: 3m libor ours is at the top ... 6 m at the lower end ... just the ideal level

September 3, 2009 (p 9 .. Order RBS)

Senior Trader Trader

Yen Yen [6], we can ask [Sender Main] 3m Libor fell 1 bp? 6m Libor unchanged maintain [sic] thank you

Trader Yen

6: If [,] went to his office now [,] yup, will punch 6s, 3s is reduced by 1

Yen

Senior Trader: Dome

September 14 and 15, 2009 (. Emphasis in original) (. Primary Shipper agrees to change the direction of presentations on two consecutive days) (p 16 .. Order RBS)

Sept. 14:

Yen Trader: 3s 6s and high please

Name

Primary ok

Sept. 15:

Yen Trader 1: can we reduce our bindings now please [Sender Main]

primary shipper: make your mind [,] haha, yeah no problem

Trader Yen

1: I am like a drawer whores

Participation Director

Yen

August 22, 2007 (. Pp RBS Order 10-11, 18)

Manager

Yen: Hi Mate, where are u calling 3s 6m Libor and today

Yen Trader 1: I put in 1.05 and 1.15

Manager

Yen: ok cool ... consensus is that the

Yen Trader 1: I think my 3 are too high [,] 6s 1.13 problem is too [,] but today I wanted to solutions of high

Yen

Manager: ok cool [,] everything is a random variable for us is now just a few fasteners

Yen Trader 1: so let me know if you have preferencves [sic] [,] every day

Manager

Yen: THX

December 3, 2007 (Order RBS .. p 11)

Manager

Yen: libors by choice who want to lose ... let [Money Market] You know pls

Trader Yen

2: Of course I made today [Yen Trader 1] and the effective rate of [Sender Main]

Manager

Yen: great set is nice and low

Yen TRADER 2: 1.02 to 6 meters or less

Yen Director: background yeh

Yen TRADER 2: 1.01, then you really can not go much lower than

Yen

Manager: ok

Trader Yen

2: [?] G careful 1m and 3m also seems fairly flat card fra

Yen

Manager: guy generally less

Trader Yen

2: cool

Yen

Manager: within acceptable limits

collusion with UBS Libor Yen

February 15, 2007 (Order RBS .. p 20)

Trader Yen

2: how many people can u put it on the Libor 1m

Yen

UBS Trader: While we [] [Bank E] and a few others i think

February 21, 2007 (Order RBS p 20.).

Trader Yen

2: [?] What the boys call ur 3s Libor we need to get some bugs down

Yen UBS Trader: 0.64 [,] so called high-low [,] 1m 3m 6m

Trader Yen

2: Our man agrees, but acknowledges that it will be 67 [,] not good

Yen

UBS Trader: Enough

[...]

Yen Trader

UBS: [...] to ensure that the children of low insertion 1m and 3m

Trader Yen

2: Try if [Yen Yen LIBOR Trader 1/backup sender] wants 3s 6s and high

Yen

UBS Trader: we want is too high 6? do not let [1] Yen Trader maintain height 3m to help [Yen Trader Home] [,] I hate this guy

May 7, 2008 (21 p .. RBS sequence)

Yen

UBS Trader [.] Hello [Sterling Silver Trader] if you can request pls 6m jpy low for the next few days, I hope you're right, it's good to see you last week [.] Greetings [Yen UBS Trader]

Cash

Sterling Trader:. Hi guy, I told our man on Friday and seemed to have no problem with it, so fingers crossed

Swiss franc LIBOR

In RBS manipulative behavior:

December 4, 2008 (. Emphasis in original) (.. p RBS Order 25-26)

Trader

Swiss Franc: can u pls put small Swiss Libor 6m

Name

primary: NO

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