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LOBO loan details for 2015/16 & 2018/19

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Research for Action

Dear Kirklees Borough Council,

A. Please provide a spreadsheet in .xls format containing the following information for each of the LOBO loans you held in the 2015/16 financial year (please use a row for each loan and a column for each parameter indicated below):
1. Internal reference number
2. Principal
3. Initial counterparty
4. Date loan was signed
5. Drawdown date
6. Maturity date
7. Option period (number of months)
8. Start date for teaser rate (if applicable)
9. Teaser interest rate (if applicable - intended as the discount rate sometimes offered before the initial rate)
10. Start date for initial rate
11. Initial interest rate (intended as the rate set for the term of the loan until the first option is called)
12. First option date
13. Has the option been exercised?
14. Most recent date when option was exercised (if applicable)
15. Interest rate in 2015/16
16. Interest paid in 2015/16
17. Fair value in March 2016
18. Interest rate in 2018/19
19. Interest paid in 2018/19
20. Fair value in March 2019
21. Current counterparty
22. Name of treasury management advisor when the loan was taken out
23. Name of broker who arranged the loan
24. Fee paid to the broker for the loan

B. Please provide copies of:
1. The original LOBO loan contracts
2. The invoices for the broker fees

Kind regards,

Ludovica Rogers

Freedom Info, Kirklees Borough Council

Dear Ludovica

I confirm receipt of your information request and that we are dealing with this and will respond to you in due course.

The Freedom of Information Act 2000 and Environmental Information Regulations 2004 allow up to 20 working days for responding to information requests.

If you are not content with the handling of your request, you have the right to ask for an internal review. Requests for internal reviews should be addressed to the Monitoring Officer, 1st Floor, Civic Centre 3, Market Street, Huddersfield HD1 2EY. Alternatively, you can send an email to: [email address].

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Regards

Information Governance Team
The Democracy Service
Telephone: 01484 221000 (voice activated switchboard – please ask for Freedom of Information)

This email and any attachments are confidential. If you have received it in error - notify the sender immediately, delete it from your system, and do not use, copy or disclose the information in any way. Kirklees Council monitors all emails sent or received.

show quoted sections

Freedom Info, Kirklees Borough Council

22 Attachments

Dear Ms Rogers

 

FoI 19741- LOBO loan details for 2015/16 & 2018/19

 

I am writing in response to your request dated 3 May 2019.  This has been
dealt with under the Freedom of Information Act 2000.

 

You asked for the following information:

 

A. Please provide a spreadsheet in .xls format containing the following
information for each of the LOBO loans you held in the 2015/16 financial
year (please use a row for each loan and a column for each parameter
indicated below):

1. Internal reference number

2. Principal

3. Initial counterparty

4. Date loan was signed

5. Drawdown date

6. Maturity date

7. Option period (number of months)

8. Start date for teaser rate (if applicable) 9. Teaser interest rate (if
applicable - intended as the discount rate sometimes offered before the
initial rate) 10. Start date for initial rate 11. Initial interest rate
(intended as the rate set for the term of the loan until the first option
is called) 12. First option date 13. Has the option been exercised?

14. Most recent date when option was exercised (if applicable) 15.
Interest rate in 2015/16 16. Interest paid in 2015/16 17. Fair value in
March 2016 18. Interest rate in 2018/19 19. Interest paid in 2018/19 20.
Fair value in March 2019 21. Current counterparty 22. Name of treasury
management advisor when the loan was taken out 23. Name of broker who
arranged the loan 24. Fee paid to the broker for the loan

B. Please provide copies of:

1. The original LOBO loan contracts

2. The invoices for the broker fees

 

The Council’s response is attached, along with a refusal notice which
relates to the information redacted and sets out the the process of appeal
against this refusal.

 

Please remember to quote the reference number above in any future
communications.

 

Yours sincerely

 

Information Governance Team

The Democracy Service

Telephone: 01484 221000 (voice activated switchboard – please ask for
Freedom of Information)

 

For more information about how we deal with your personal data, see
[1]www.kirklees.gov.uk/privacy

 

 

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