Barclays has suffered a 30.8% quarterly decrease in its structured products sales volumes during the third quarter of 2020 (to US$1.844 billion), SRP data shows.

The bank has now slid to third place in the SRP US issuer group league table from first place in Q2 20. It previously held the same ranking in the third quarter of 2019 with a sales volume of US$1.56 billion.

Citi currently holds the top-ranking position in terms of sales volume with US$2.2 billion in 767 structured products while Goldman Sachs follows with US$2.1 billion for 726 products.

Barclays has a total of 5,512 live structured products in the SRP database that are listed in the US market and wrapped as registered unlisted notes (5,180/US$20.97 billion), CDs (276/US$1.097 billion), exchange-traded notes (51/US$2.6 billion) and unregistered notes (5/US$9.98m).

Popular underlyings include the S&P500, Russell 2000, DJ Industrial Average Index, Eurostoxx 50, Nasdaq 100, Barclays Trailblazer Sectors 5 Index, SPDR S&P Oil and Gas Exploration & Production ETF, and iShares MSCI Emerging Markets ETF.

The tranche investments fall under 10 asset classes, the most prominent of which include index basket equities (2,807/US$9.6 billion), single index equities (1,937/US$7.9 billion), interest rates (143/US$856.33m), and hybrids (56/US$268.1m).

Barclays’ net operating income fell by 16% to £12.5 billion (US$16.8 billion) in Q3 20 from £14.9 billion in the third quarter of 2019 while total income saw a three percent rise to £16.8 billion from Q3 19.

UK income has decreased by 12% while international income saw a boost of 11%, with CIB income shooting up 24% and CC&P income dropping by 21%.

Total assets under management increased to £1,422 billion due to increases in cash and balances at central banks, derivative assets, and financial assets at fair value through the income statement. Driving factors are the low interest rate environment, increased client activity and the appreciation of the USD against the GBP.

Risk-weighted assets (RWAs) under the international division increased to £224.7 billion primarily due to increased market volatility, client activity and a reduction in credit quality within CIB, partially offset by lower CC&P balances.

RWAs in the UK branch went up to £76.2bn driven by the transfer of BPF and growth in mortgages, partially offset by a reduction in consumer loans.

“In this historically challenging year for our customers and clients we have continued to provide huge support to help people through the social and economic impact of the Covid-19 pandemic. This remains a priority, alongside maintaining the financial integrity of the firm and keeping our colleagues safe,” said group chief executive officer James Staley (pictured).

Click here to view Barclays’ Q3 20 earnings.