Lender Option Borrower Option Derivative Products

The request was partially successful.

Dear Brent Borough Council,

How many Lender Option Borrower Option (LOBOs) contracts do you have on your books?

When were they signed?

With which financial institutions were they taken out?

When are the next cash calls due ? (generally every five years)

Upon which benchmarks and variables are the pricings dependent?

Yours faithfully,

Ranjan Kumaran

Shalvey, Maria, Brent Borough Council

Dear Ranjan Kumaran

 

Freedom of Information Act 2000 – Information Request (REF: 221928835)

 

Thank you for your request for information received on 29 November 2013.
We aim to respond to your request within 20 working days. If for any
reason we are unable to meet this deadline we will keep you fully informed
of the reasons for this and let you know how long the delay will be. If
there is a fee to be paid before the information can be sent to you we
will write and tell you at the earliest opportunity what the fee will be.

 

If you have any questions, please contact me on 0209 9371468 or
[1][email address]

 

Yours Sincerely

Maria Shalvey

 

Maria Shalvey

Finance Officer

P: 0208 9371468

 

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The use of Brent Council's e-mail system may be monitored and
communications read in order to secure effective operation of the system
and other lawful purposes.

References

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1. mailto:[email address]

Shalvey, Maria, Brent Borough Council

1 Attachment

Dear Mr Kumaran

Your request for information has now been considered and the information
requested is enclosed.

 

How many Lender Option Borrower Option (LOBOs) contracts do you have on
your books? 14

When were they signed? Various see attached spreadsheet

With which financial institutions were they taken out? Various see
attached spreadsheet

When are the next cash calls due ? (generally every five years) see
spreadsheet

Upon which benchmarks and variables are the pricings dependent?All rates
are fixed except for B

 

Please note that the information provided may be subject to copyright and
you may require further permission from the Council to re-use it. If you
require further guidance please write to the IT Standards Manager (contact
details below).

If you are dissatisfied with the response or how the Council has handled
your request you can complain to the Council by writing to the following
address: IT Standards Manager at Brent Civic Centre, Floor 7, Engineers
Way, Wembley HA9 0FJ.  Telephone 020 8937 1402, e-mail
[1][Brent Borough Council request email].  It is the Council's policy to ensure that, where
practicable, your complaint is dealt with by someone who was not involved
in the original decision.  You also have a right of appeal about our
decision to the Information Commissioner, however, the Information
Commissioner will not normally consider an appeal until you have exhausted
your rights of redress and complaint to the Council. The Information
Commissioner can be contacted as follows:

Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow,
Cheshire SK9 5AF; Telephone: 01625 545 700,
www.informationcommissioner.gov.uk

As part of our commitment to improve our service to our customers we would
welcome any feedback on the way that we have dealt with your request.

Yours faithfully

Maria Shalvey

Phone: 0208 9371468
[email address]

 

Maria Shalvey

Finance Officer

P: 0208 9371468

 

--
The use of Brent Council's e-mail system may be monitored and
communications read in order to secure effective operation of the system
and other lawful purposes.

References

Visible links
1. mailto:[Brent Borough Council request email]

maria shalvey, Brent Borough Council

Brent Council - INFORMATION REQUEST

Our Reference: 221928835
====================================================

Dear Mr Kumaran

Your request for information has now been considered and the information
requested is enclosed.
 
How many Lender Option Borrower Option (LOBOs) contracts do you have on
your books? 14
When were they signed? Various see attached spreadsheet
With which financial institutions were they taken out? Various see
attached spreadsheet
When are the next cash calls due ? (generally every five years) see
spreadsheet
Upon which benchmarks and variables are the pricings dependent?All rates
are fixed except for B
 
Please note that the information provided may be subject to copyright and
you may require further permission from the Council to re-use it. If you
require further guidance please write to the IT Standards Manager (contact
details below).

If you are dissatisfied with the response or how the Council has handled
your request you can complain to the Council by writing to the following
address: IT Standards Manager at Brent Civic Centre, Floor 7, Engineers
Way, Wembley HA9 0FJ.  Telephone 020 8937 1402, e-mail
[1][Brent Borough Council request email].  It is the Council's policy to ensure that, where
practicable, your complaint is dealt with by someone who was not involved
in the original decision.  You also have a right of appeal about our
decision to the Information Commissioner, however, the Information
Commissioner will not normally consider an appeal until you have exhausted
your rights of redress and complaint to the Council. The Information
Commissioner can be contacted as follows:

Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow,
Cheshire SK9 5AF; Telephone: 01625 545 700,
www.informationcommissioner.gov.uk

As part of our commitment to improve our service to our customers we would
welcome any feedback on the way that we have dealt with your request.

Yours faithfully

Maria Shalvey

Phone: 0208 9371468
[email address]

--
The use of Brent Council's e-mail system may be monitored and
communications read in order to secure effective operation of the system
and other lawful purposes.

References

Visible links
1. mailto:[Brent Borough Council request email]

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