2020/21 Update on LOBO loans

The request was successful.

Research for Action

Dear Fenland District Council,

We would like to ask for an update on your current and historic LOBO loan portfolio.
We are aware that in 2015 you held one LOBO loan and that the loan has been transformed into a fixed-rate loan. This request is for information about the loan before and after the option was removed.

A. Please provide for the loan:
1. Reference number
2. Principal
3. Initial counterparty
4. Most recent counterparty
5. Date when the loan was transferred to the most recent counterparty.*
7. Fairvalue of the loan at the end of the 2016/17 financial year
8. Fairvalue of the loan at the end of the 2017/18 financial year
9. Fairvalue of the loan at the end of the 2018/19 financial year
10. Fairvalue of the loan at the end of the 2019/20 financial year
11. Fairvalue of the loan at the end of the 2020/21 financial year

*Note: If there have been other counterparties during the term of the loan, please indicate in the notes the name of the other counterparties and the date when the loan was transferred to them.

B. A spreadsheet showing the following information:
- 1st column: internal reference number
- 2nd column: Principal
- 3rd column: initial interest rate
- 4th column: current interest rate
- 5th column: Original projection of the total interest to be paid over the whole term of the loan (as from the drawdown date to the original maturity date, independently if the loan has now been cancelled or restructured)
- Followed by one column for each financial year from 2001/02 to 2020/21 indicating for the loan the total interest payment made in that year.**

**Note: Please provide the exact payments and not approximations based on calculations within the spreadsheets, as payments will vary depending on the calculation method (for example if it is a leap year or not).

Kind regards,

Ludovica Rogers on behalf of Research for Action

foi, Fenland District Council

I acknowledge your request for information received, which is being
investigated. 

 

The Act allows the Council 20 working days to comply with your request. 
During this time, the Council will assess the information to establish if
any exemptions apply.  If it is felt that any information may be exempt
from disclosure, this will be given careful consideration and the Public
Interest Test will be applied if appropriate.  If it is determined that
any material is exempt, you will be notified of which information is not
going to be released and the reasons why.

 

If you have any queries, please do not hesitate to contact the Freedom of
Information Officer at Fenland District Council, or email
[1][Fenland District Council request email].  It would help us to help you if you could quote
the Information Request No, quoted above, on any correspondence.

 

Yours sincerely

 

FOI Officer

Fenland District Council

01354 654321

[Fenland District Council request email]

 

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more details about how we protect personal information, then please
contact our Data Protection Officer.

References

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1. mailto:[Fenland District Council request email]

foi, Fenland District Council

1 Attachment

Good Morning

 

Thank you for your recent request for information. Please see our response
attached.

 

 

If you require any further information regarding your request or are
unhappy with the response, you should contact the Member Services Officers
at Fenland District Council or e-mail [1][Fenland District Council request email] in the first
instance. 

 

If after this, you are still dissatisfied with this decision, you may
request the Information Commissioner to investigate.  The contact details
are:

 

Information Commissioner’s Office

Wycliffe House

Water Lane

WILMSLOW

Cheshire SK9 5AF

Tel: 01625 545700

[2]www.informationcommissioner.gov.uk

 

 

 

 

Yours sincerely

 

FOI Officer

Fenland District Council

01354 654321

[3][Fenland District Council request email]

 

 

 

E-mails and any attachments from Fenland District Council (the Council)
are confidential. If you are not the intended recipient, please notify the
sender immediately by replying to the e-mail, and then delete it without
making copies or using it in any other way or placing any reliance on it.

It is not intended that this e-mail shall constitute either an offer or
acceptance nor is it intended to form a contract between the Council and
the addressee or any third party.

Any views or opinions presented are solely those of the sender and do not
necessarily represent those of the Council unless otherwise specifically
stated.

Although any attachments to the message will have been checked for viruses
before transmission, you are urged to carry out your own virus check
before opening attachments, since the Council accepts no responsibility
for loss or damage caused by software viruses.

Senders and recipients of e-mail should be aware that, under the EU
General Data Protection Regulation 2016, the Freedom of Information Act
2000, the Environmental Information Regulations 2004 and other related
legislation, the contents of e-mails may have to be disclosed in response
to a request.

To provide you with our services we will need to record personal
information, such as your e-mail address. This information will be kept
securely and only accessed by approved staff. We will not share your
information with anyone else without first telling you. If you would like
more details about how we protect personal information, then please
contact our Data Protection Officer.

References

Visible links
1. mailto:[Fenland District Council request email]
2. http://www.informationcommissioner.gov.uk/
3. mailto:[Fenland District Council request email]