Research for Action

Dear Mid Suffolk District 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

BMSDC Data Protection,

Dear Madam,

Freedom of Information/Environmental Information Regulations request

Thank you for your request to Mid Suffolk District Council dated 3 May 2019. Your request will be answered within 20 working days.

If you have any queries about this request do not hesitate to contact us. Please remember to quote the reference number above in any future communications.

Yours sincerely,

Data Protection
Tel: 0300 1234000 Email: [email address]
www.babergh.gov.uk www.midsuffolk.gov.uk
Babergh & Mid Suffolk District Councils - Working Together
Endeavour House, 8 Russell Road, Ipswich, Suffolk IP1 2BX

show quoted sections

BMSDC Data Protection,

3 Attachments

Dear Madam,

We refer to your recent request for information.

Request:

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

Response:

Please see the attached documents.

The information supplied to you continues to be protected by the Copyright, Designs and Patents Act 1988. You are free to use it for your own purposes, including any non-commercial research you are doing and for the purposes of news reporting. Please contact us if you wish to re-use the information for commercial purposes so that the appropriate licence can be issued (in some instances a fee will be payable). Additionally, you must ensure that you gain permission before reproducing any third party (non Babergh/Mid Suffolk District Council copyright) information.

If you are unhappy with this response you may request an internal review of this matter via the Council’s corporate complaints procedure. If you are not content with the outcome of the review you have a right of appeal to the Information Commissioner at the following address: Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 5AF. Tel: 01625 545 745 Email: [email address].

Yours sincerely,

Data Protection
Tel: 0300 1234000
Email: [email address]
www.babergh.gov.uk www.midsuffolk.gov.uk
Babergh & Mid Suffolk District Councils - Working Together
Endeavour House, 8 Russell Road, Ipswich IP1 2BX
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