Details of LOBO loan borrowing and brokerage arrangements
Dear Dales Housing,
Please provide the following information for Lender Option,
Borrower Option (LOBO) loans taken out by the housing association:
1) How many LOBO loans do you have on your books?
2) Loan principal and Maturity dates?
3) Trade date when each loan was signed?
4) Initial interest rate?
5) Current stepped-up interest rate and step-up date where
applicable?
6) Any formula or structure determining the interest rate where
applicable?
7) The first LOBO option call date?
8) The LOBO option call frequency?
9) Day count convention used for calculation of interest payments?
10) The original broker of the loan and fee paid?
11) Broker and fee paid for any subsequent restructuring?
12) the relevant bank or financial institution(s) which issued each LOBO loan?
Yours faithfully,
Jamie Griffiths
[1]LogoAcclaim Housing Group Limited
Scholes Mill
Old Coach Road
Tansley
Nr Matlock
Derbyshire
DE4 5FY
Main Tel: 01629 761540
Fax: 01629 761576
[2]http://www.acclaim-group.co.uk
Response of behalf of Dales Housing Limited
Thank-you for the information request. However, in
this particular case this information is considered
to be of a strictly confidential and commercially
sensitive nature and therefore unfortunately this
information cannot be supplied.
Kind regards
Julie Lane
Head of Finance
Acclaim Housing Group
01629 761562
Julie Lane
Head of Finance
01629 761562
07890 276753
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