Barclays Faces Billion-Dollar Loss From Structured Note ''Paperwork Error'' Barclays Faces Billion-Dollar Loss From Structured Note ''Paperwork Error'' In March, we reported Barclays shocked many market participants when it suspended, until further notice, any further sales from inventory and any further issuances of a number of ETNs (including VXX and OIL). According to a press release at the time, the suspension was because "Barclays does not currently have sufficient issuance capacity to support further sales from inventory and any further issuances of the ETNs." At the time, details were scarce and opaque with Barclays expecting a loss of approximately $600 million from the ''error'' which was called “basic”, “bizarre” and “embarrassing” by analysts at the time. Now, according to a new filing today , we get considerably more color on what exactly prompted this ''paperwork error'' and how high the losses have already reached. What did Barclays do wrong? In August 2019, the SEC declared effective the 2019 F-3 of Barclays Bank which sought to cover the offer and sale of up to $20.76 billion of securities (in maximum aggregate offering price) registered thereunder.