S&P Indices Chosen to Calculate New RBS Custom Indices

NEW YORK, Feb. 1, 2011 /PRNewswire/ -- Standard & Poor's, the world's leading index provider, announced today that it has been chosen by the Royal Bank of Scotland ("RBS") to calculate and maintain the RBS US MidCap Trendpilot™ Index TR, a new index that provides exposure to either the S&P MidCap 400® Total Return Index or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills.

S&P Indices is already the calculation agent for the RBS US Large Cap Trendpilot™ Index, launched in December 2010. RBS has listed Exchanged Traded Notes (ETNs) based upon both indices at the NYSE ARCA.

According to RBS, the RBS US MidCap Trendpilot Index TR utilizes a systematic trend-following strategy to provide exposure to either the S&P 400® Total Return Index (the "Benchmark Index") or the yield on a hypothetical notional investment in 3-month U.S. Treasury bills (the "Cash Rate"). The Index is designed to provide exposure to the Benchmark Index in positive trending markets and exposure to the Cash Rate in negative trending markets using an objective and transparent methodology.

"We are excited to bring our unique, custom index solutions to RBS," says Marius Baumann, Global Head of Custom Index Services for S&P Indices. "Through this agreement, RBS will be leveraging Standard & Poor's ability to calculate custom indices across all types of calculation methodologies."

S&P custom indices is an acknowledged global leader in the calculation of custom indices, providing unparalleled services in the design, construction, management and distribution of custom indices.  Drawing on this expertise and a global database of over 17,000 individual stocks, S&P Custom Indices provides an independent, flexible and accurate service enabling clients to purposefully design a custom index to meet their specific requirements.

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

Standard & Poor's does not sponsor, endorse, sell or promote any S&P index-based investment product.  This document does not constitute an offer of services in jurisdictions where Standard & Poor's or its affiliates do not have the necessary licenses.  Standard & Poor's receives compensation in connection with licensing its indices to third parties.

SOURCE Standard & Poor's

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