A possible decision by ABN Amro to return to the Dutch leveraged products market could prompt a legal battle about the use of the name 'turbos'. A spokesman for ABN Amro said the future of the recently-split bank is once again under discussion and that a relaunch of leveraged derivatives is a possibility. After the acquisition of the Dutch bank by a consortium comprising RBS, Fortis and Santander, ABN's turbos were taken over by RBS. The ABN spokesman said the bank is entitled to use the product name, but Jean-Paul van Oudheusden from RBS told Het Financieele Dagblad the name now belongs to RBS.
Meanwhile, RBS Markets, which used to be ABN Amro Markets, has, according to statistics from Euronext Amsterdam, achieved a turnover of €7.8bn in 2009. This means that RBS Markets has a share of 60% of the total market (€12.9bn) for warrants and certificates in The Netherlands. The turnover is still booked under ABN Amro NV because the legal separation has not been fully completed, although the ownership lies with RBS.
These products are available on the Dutch database.