Summary of Icelandic Bank Deposits Leading up to 2008 Crash

Roedd y cais yn rhannol lwyddiannus.

Joel M Benjamin

Dear Caerphilly County Borough Council,

Please provide the following information in relation to Icelandic bank investments. Provide an MS Excel spreadsheet with the following information in separate columns:

1) Icelandic Bank deposits 2004 - 2008 broken down by a) date of investment, b) amount of investment, c) term of investment, d) rate of interest/ or total interest received, e) institution

2) The institution(s) that advised the council on its Icelandic investment strategy

3) The ledger/ payment codes which detail the transfer of the funds from councils various account(s), to the Icelandic banks, (often via a moneybroker such as ICAP).

4) Confirm/ deny whether any of the money invested in Iceland was obtained via LOBO loan borrowing

5) Confirm/ deny whether any of the money invested in Iceland was obtained via PWLB borrowing

Yours faithfully,

Joel M Benjamin

WWW: FOI, Caerphilly County Borough Council

1 Atodiad

Thank you for your recent FOI / EIR request. Please find attached an acknowledgement for this request.

dangos adrannau a ddyfynnir

WWW: FOI, Caerphilly County Borough Council

1 Atodiad

Dear Joel Benjamin
 
FREEDOM OF INFORMATION ACT 2000 - INFORMATION REQUEST
 
Thank you for your request for information received on 20 August 2018. We
have considered your request and enclose the following information:
 
(1) Icelandic Bank deposits 2004 - 2008 broken down by a) date of
investment, b) amount of investment, c)term of investment, d) rate of
interest/ or total interest received, e) institution.
 
Please find attached a spreadsheet detailing the information requested.
 
(2) The institution(s) that advised the council on its Icelandic
investment strategy.
 
The Authority’s Treasury Management Advisors during this period were
Sector.
 
(3) The ledger/ payment codes which detail the transfer of the funds from
councils various account(s), to the Icelandic banks, (often via a
moneybroker such as ICAP).
 
We have included broker details on the spreadsheet
 
(4) Confirm/ deny whether any of the money invested in Iceland was
obtained via LOBO loan borrowing.
 
The Authority does not undertake borrowing to support investments.
 
(5) Confirm/ deny whether any of the money invested in Iceland was
obtained via PWLB borrowing.
 
The Authority does not undertake borrowing to support investments.
 
We supply this information based on your original request.  If this is not
what you wanted or if you feel we have not fully understood your request
please do not hesitate to contact me to clarify your exact requirements.
 
If you have any queries or concerns or are in any way dissatisfied with
the handling of your request please contact [1][Caerphilly County Borough Council request email].
 
Yours sincerely
 
Andrew Southcombe
Finance Manager
 
 
 

Freedom of Information Act 2000 / Environmental Information Regulations
2004
 
You have the right to appeal against our decision.

If you are unhappy with that decision you
If you wish to appeal please set have the right to appeal to:
out in writing your grounds of  
appeal and send to: Information Commissioner’s Office –
  Wales
Corporate Information Governance 2nd Floor
Unit Churchill House
Caerphilly county borough Churchill Way
council, Cardiff
Penallta House CF10 2HH
Tredomen Park  
Hengoed. CF82 7PG Tel: 029 2067 8400
  Fax: 029 2067 8399
Appeals will be determined by an Email: [2][email address]
appropriate senior officer. Website: [3]www.ico.org.uk
 

 
Re-use of information without permission may infringe the Copyright,
Designs and Patents Act 1988. Re-use can include, but is not limited to,
making multiple copies, publishing and issuing copies of the information
to a wider audience. If you would like to re-use copyright material owned
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dangos adrannau a ddyfynnir