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Derivatives Paperwork

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Dear Westminster City Council,

Do you keep copies of all your ISDA Master Agreements for OTC Derivative transactions?

How many have you signed?

Please provide a breakdown of the all the ISDA Agreements Westminster has signed, including the interest rates, names of counterparties, brokers, brokerage fees, and the reason the ISDAs were entered into.

Please also provide copies of all the ISDA agreements that you have signed.

Yours faithfully,

Ranjan Kumaran

Westminster City Council

Information request
Our reference: 6995935

--------------------------------------------------------------------------

 
Dear Sir/Madam
 
Thank you for contacting Westminster City Council's Information Management
Team. 

Your query will be allocated for response, and someone will contact you
within 5 working days to confirm the details of your request and whether
it is subject to a fee. 

Please see the Westminster City Council website for further information on
Data Protection policies
- [1]http://www.westminster.gov.uk/services/c...

Kindest regards, 
 
Information Management Team
Westminster City Council
5 Strand
London
WC2N 5HR
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

References

Visible links
1. http://www.westminster.gov.uk/services/c...

Westminster City Council

Information request
Our reference: 6995935

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Dear Sir/Madam
 
Freedom of Information Act 2000
 
Thank you for your request for information that was received on 7 March
2018.
 
Request summary
Do you keep copies of all your ISDA Master Agreements for OTC Derivative
transactions?
How many have you signed?

Please provide a breakdown of the all the ISDA Agreements Westminster has
signed, including the interest rates, names of counterparties, brokers,
brokerage fees, and the reason the ISDAs were entered into.

Please also provide copies of all the ISDA agreements that you have
signed.
 
We are dealing with your request under the Freedom of Information Act 2000
and we aim to send a response by 6 April 2018.
 
The Freedom of Information Act 2000 may restrict the release of some or
all of the information you have requested. We will carry out an assessment
and if any exemptions apply to some or all of the information then we
might not provide that information to you. We will inform you if this is
the case and advise you of your rights to request an internal review and
to complain to the Information Commissioner's Office.
 
We will also advise you if we cannot provide you with the information
requested for any other reason together with the reason(s) why and details
of how you may appeal (if appropriate).
 
Yours faithfully
 
 
Westminster City Council
Email: [1][Westminster City Council request email]
Web: [2]www.westminster.gov.uk
 
NOTE: Please do not edit the subject line when replying to this email.

References

Visible links
1. mailto:[Westminster City Council request email]
2. file:///tmp/www.westminster.gov.uk

Westminster City Council

1 Attachment

Information request
Our reference: 6995935

--------------------------------------------------------------------------

 
Dear Sir/Madam
 
Thank you for your request for information received on 7 March 2018.
 
Please find attached our response to your request.

If you are dissatisfied with your response please send your Internal
Review request to the email address below

[1][Westminster City Council request email]

 
Yours faithfully
 
 
Westminster City Council
Tel: 0207 641 3921
Web: [2]www.westminster.gov.uk
 
NOTE: Please do not reply to this email.

References

Visible links
1. mailto:[Westminster City Council request email]
2. file:///tmp/www.westminster.gov.uk

Dear Westminster City Council,

Please pass this on to the person who conducts Freedom of Information reviews.

I am writing to request an internal review of Westminster City Council's handling of my FOI request 'Derivatives Paperwork'.

You did not complete my request.

You said you had the information — but never provided it.

Westminster has derivatives exposure.

Please be fully transparent and comply with my request for all ISDA paperwork for Westminster's derivatives contracts.

A full history of my FOI request and all correspondence is available on the Internet at this address: https://www.whatdotheyknow.com/request/d...

Please reply,

Ranjan Kumaran

Westminster City Council

Information request
Our reference: 6995935

--------------------------------------------------------------------------

 
Dear Ranjan Kumaran  
 
Re: Request for Internal Review ' 6995935
 
Thank you for your request for a review received on  31 July 2018  in
respect of:

Scheme
Freedom of Information Act

Details
Do you keep copies of all your ISDA Master Agreements for OTC
Derivative transactions?
How many have you signed?

Please provide a breakdown of the all the ISDA Agreements
Westminster has signed, including the interest rates, names of
counterparties, brokers, brokerage fees, and the reason the ISDAs
were entered into.

Please also provide copies of all the ISDA agreements that you
have signed.

Internal Review Request 
 
Dear Westminster City Council, 

Please pass this on to the person who conducts Freedom of Information
reviews. 

I am writing to request an internal review of Westminster City Council's
handling of my FOI request 'Derivatives Paperwork'. 

You did not complete my request. 

You said you had the information ' but never provided it. 

Westminster has derivatives exposure. 

Please be fully transparent and comply with my request for all ISDA
paperwork for Westminster's derivatives contracts. 

A full history of my FOI request and all correspondence is available on
the Internet at this address:
https://www.whatdotheyknow.com/request/d...

Please reply, 

Ranjan Kumaran  
 
I can confirm that we are looking into your query, and will endeavour to
respond within 20 working days of receipt of your email / letter
 
Your complaint is therefore due for a response by 29 August 2018.
 
Yours faithfully
 
 
Westminster City Council
Knowledge & Information Management Team
Tel: 0207 641 3921
Email: [Westminster City Council request email]
Web: [1]www.westminster.gov.uk
 
NOTE: Please do not edit the subject line when replying to this email.

References

Visible links
1. file:///tmp/www.westminster.gov.uk

Westminster City Council

Information request
Our reference: 6995935

--------------------------------------------------------------------------

 
Dear Ranjan
 
Our reference: 6995935
 
I write in response to your email of 31 July 2018 in which you requested
an internal review of our response to your request regarding ISDA
Agreements (our reference: 6995935).
 
I had intially been asked to conduct a formal internal review but having
had a look at the request and the response issued to you by the Council, I
feel there may have been some confusion. I believe it makes most sense, in
the interests of efficacy, to just highlight this now and you can decide
how you want to proceed.
 
I think there was some confusion in the way that the Council responded to
you. The Council's response dated 14 March 2018 said "I can confirm that
the information requested is held by Westminster City Council. I have
detailed below the information that is being released to you. The Council
has not entered into any OTC (over the counter) derivative transactions".
 
This is somewhat confusing. What was clearly meant by this was that the
Council can confirm that they do not hold any information because they
have not entered into any OTC derivative transactions. In saying that they
hold the information requested, they mean they can confirm the number of
OTC derivative transactions is zero. I can completely understand your
frustation, as the response wasn't clear.
 
I have checked with the department and can confirm that the Council does
not hold this information. I am sorry for the confusion caused. We will be
sure to be more clear in future.
 
I hope my explanation has been helpful. If you are still unhappy, you may
contact the Information Commissioner's Office using the details below:

Wycliffe House,
Water Lane
Wilmslow
Cheshire
SK9 5AF
Tel: 0303 123 1113 or 01625 54 57 45
Fax: 01625 524510
Web: [1]www.ico.gov.uk

 
Yours faithfully
 
Rebyn Buleti
Westminster City Council
Tel: 0207 641 3921
Email: [2][email address]
Web: [3]www.westminster.gov.uk
 
NOTE: Please do not edit the subject line when replying to this email.

References

Visible links
1. http://www.ico.gov.uk/
2. mailto:[email address]
3. file:///tmp/www.westminster.gov.uk

We don't know whether the most recent response to this request contains information or not – if you are Ranjan Kumaran please sign in and let everyone know.

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