Branch Transfer:
Since its establishment in 1999, HSBC the Netherlands has operated as a branch of the UK-based, HSBC Bank plc. With the aim to serve our customers better during this period of regulatory and political change, HSBC the Netherlands has transferred its activities HSBC France. Therefore, effective as of 1 February 2019, HSBC Amsterdam is officially a branch of HSBC France.
HSBC France, Amsterdam Branch has substituted HSBC Bank plc, Amsterdam Branch in existing banking relationships and has assumed responsibility for all banking products and any related personal or other data previously held with HSBC Bank plc, Amsterdam Branch.
In particular, any:
- Deposit accounts;
- Loans and credit facilities of any type and form;
- Trade and receivables finance products and services and
- Counter-indemnities, corporate guarantees and other security or collateral given to support the above facilities, products and services.
This is simply a legal entity change, thus we do not anticipate any material changes to existing relationships or day-to-day interactions with HSBC in the Netherlands. In particular, products and agreements with offices and branches of HSBC Bank plc outside the EEA, as well as with other entities of the HSBC Group, will remain unaffected by this change. As a result of the transfer described above, clients will be serviced by HSBC France, Amsterdam Branch in the same way as they were being serviced by HSBC Bank plc, Amsterdam Branch, and the same contact persons and notice details will continue to be valid for HSBC France, Amsterdam Branch.
Dutch and English remain the working languages of the branch.
More about HSBC France:
HSBC France is based in Paris and supervised by the European Central Bank (ECB), as part of the Single Supervisory Mechanism, the French Prudential Supervisory and Resolution Authority (l'Autorité de Contrôle Prudentiel et de Résolution) (ACPR) as the French National Competent Authority and the French Financial Markets Authority (l'Autorité des Marchés Financiers) (AMF) for the activities carried out over financial instruments or in financial markets. Further, HSBC France is registered as an insurance broker with the French Organisation for the Registration of financial intermediaries. HSBC France, Amsterdam Branch is also subject to the local supervision of the Dutch Central Bank (De Nederlandsche Bank) (DNB) and the Dutch Authority of Financial Markets (Autoriteit Financiële Markten) (AFM).
HSBC France is lawfully established in the Netherlands as a branch and is duly registered with the trade register of the Dutch Chamber of Commerce.
For more information about HSBC France please visit the HSBC France website at www.hsbc.fr