Investment in Qatar National Bank

The request was successful.

Dear South Somerset District Council,

I'm writing to request information to which I believe I am entitled and which you may hold.

I am seeking any information on local authority funds that have been stored with Qatar National Bank in the past 5 years, either as part of Treasury management operations, or for any other reason. Please provide the following:-

A breakdown of local authority funds that have been stored with Qatar National Bank (QNB) since 1 January 2017.
The quantum of the funds invested with QNB and the interest rate earned.
The latest list of approved countries for local authority funds to be invested in.

Please note that I have also made a request to some local authorities regarding money invested by council pension funds.

This is a separate request about a different type of investment, not a duplicated request.

I look forward to a response within the statutory time period.

Yours faithfully,

Rob Davies

No.Reply, South Somerset District Council

4 Attachments

Dear Rob Davies

Reference Number: 483FOI

You have submitted a Freedom of Information Request on 08-09-2022.

Once we have looked at your request, we will contact you with an update.

You submitted:

Contact email:
[FOI #895245 email]

Contact name:
Rob Davies

Category:
Finance

Sub Category:
Qatar National Bank

Question/s:

1. I am seeking any information on local authority funds that have been
stored with Qatar National Bank in the past 5 years, either as part of
Treasury management operations, or for any other reason. Please provide
the following:- A breakdown of local authority funds that have been stored
with Qatar National Bank (QNB) since 1 January 2017.

2. The quantum of the funds invested with QNB and the interest rate
earned.

3. The latest list of approved countries for local authority funds to be
invested in.

4. N/A

5. N/A

Additional Comments:

N/A

Thank you

FOI Co-ordinators

 ​
South Somerset District Council
 
southsomerset.gov.uk   [1]Twitter @southsomersetDC   [2]Facebook @SouthSomersetDistrictCouncil
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you have received this e-mail in error please notify the sender. Individuals are advised that
by replying to, or sending an e-mail message to South Somerset District Council, you accept
that you have no explicit or implicit expectation of privacy and that emails may be disclosed
under the Freedom of Information Act 2000. In line with Council Policy, any e-mail messages
(and attachments) transmitted over the Council's network may be subject to scrutiny, monitoring
and recording. You must carry out your own anti-virus checks before opening any
attachments/documents as the Council will not accept any liability for any viruses they may
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References

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No.Reply, South Somerset District Council

4 Attachments

Dear Rob Davies

Reference Number: 483FOI

I acknowledge receipt of your Freedom of Information request received on
07-09-2022.  You will receive a response direct within the statutory
timescale.

If we experience any delays in collating your request, we shall inform you
and provide you with an updated time frame to receive your response.

Thank you

FOI Co-ordinators

 ​
South Somerset District Council
 
southsomerset.gov.uk   [1]Twitter @southsomersetDC   [2]Facebook @SouthSomersetDistrictCouncil
[3][IMG]
This communication is intended solely for the person (s) or organisation to whom it is
addressed. It may contain privileged and confidential information and if you are not the
intended recipient (s), you must not copy, distribute or take any action in reliance on it. If
you have received this e-mail in error please notify the sender. Individuals are advised that
by replying to, or sending an e-mail message to South Somerset District Council, you accept
that you have no explicit or implicit expectation of privacy and that emails may be disclosed
under the Freedom of Information Act 2000. In line with Council Policy, any e-mail messages
(and attachments) transmitted over the Council's network may be subject to scrutiny, monitoring
and recording. You must carry out your own anti-virus checks before opening any
attachments/documents as the Council will not accept any liability for any viruses they may
contain.

References

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1. Twitter
http://southsomersetdc/
2. Facebook
http://southsomersetdistrictcouncil/
3. https://www.southsomerset.gov.uk/

No.Reply, South Somerset District Council

4 Attachments

Dear Rob Davies

Reference Number: 483FOI

You submitted a Freedom of Information request on 07-09-2022.

You have asked South Somerset District Council for the following
information and our response/s are:-   

Question 1:

I am seeking any information on local authority funds that have been
stored with Qatar National Bank in the past 5 years, either as part of
Treasury management operations, or for any other reason. Please provide
the following:- 1. A breakdown of local authority funds that have been
stored with Qatar National Bank (QNB) since 1 January 2017.

Business Response 1:

1. No funds have been stored with Qatar National Bank in the last five
years.

Question 2:

2. The quantum of the funds invested with QNB and the interest rate
earned.

Business Response 2:

2. No funds have been stored with Qatar National Bank in the last five
years.

Question 3:

3. The latest list of approved countries for local authority funds to be
invested in.

Business Response 3:

3. The following countries are included on our current list of approved
lenders;

• UK
• Australia
• Canada
• Finland
• Germany
• The Netherlands
• Norway
• Singapore
• France
• Luxembourg
• USA

Question 4:

N/A

Business Response 4:
N/A

Question 5:

N/A

Business Response 5:
N/A

Additional Comments:

N/A

We hope this answers your request/s.

Yours sincerely

FOI Co-ordinators 

 ​
South Somerset District Council
 
southsomerset.gov.uk   [1]Twitter @southsomersetDC   [2]Facebook @SouthSomersetDistrictCouncil
[3][IMG]
This communication is intended solely for the person (s) or organisation to whom it is
addressed. It may contain privileged and confidential information and if you are not the
intended recipient (s), you must not copy, distribute or take any action in reliance on it. If
you have received this e-mail in error please notify the sender. Individuals are advised that
by replying to, or sending an e-mail message to South Somerset District Council, you accept
that you have no explicit or implicit expectation of privacy and that emails may be disclosed
under the Freedom of Information Act 2000. In line with Council Policy, any e-mail messages
(and attachments) transmitted over the Council's network may be subject to scrutiny, monitoring
and recording. You must carry out your own anti-virus checks before opening any
attachments/documents as the Council will not accept any liability for any viruses they may
contain.

References

Visible links
1. Twitter
http://southsomersetdc/
2. Facebook
http://southsomersetdistrictcouncil/
3. https://www.southsomerset.gov.uk/