This document sets out the Execution policy for the European and UK operations of the Investment Bank of Barclays Bank PLC, Barclays Capital Securities Limited and Barclays Bank Ireland PLC (together Barclays, we, our or us) and our approach to providing Best Execution as required by the European Union Markets in Financial Instruments Directive 2014/65/EU (‘MiFID’) and the rules of the Financial Conduct Authority and the Central Bank of Ireland (‘CBI’) (the ‘Policy’).

Best Execution is the requirement to take all sufficient steps to obtain the best possible result for our clients on a consistent basis, taking into account price, cost, speed, likelihood of execution and settlement, size, nature or any other execution consideration, when executing transactions on your behalf. The information below sets out general information with respect to our approach to Best Execution under MiFID and how we assess whether a transaction is in scope. It is supplemented by appendices with detailed information with respect to the following business areas: Equities, ADS, Macro (FX, Rates), Credit, Securities Lending, Banking and Commodities.