LOBO loan details for 2015/16 & 2018/19

Research for Action made this Freedom of Information request to Wiltshire Council as part of a batch sent to 208 authorities

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

The request was partially successful.

Research for Action

Dear Wiltshire 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

FOI, Wiltshire Council

Dear Ms Rogers,

Thank you for your request for information dated 03 May 2019.

Your request is being handled under the provisions of the Freedom of Information Act 2000 or Environmental Information Regulations 2004.

Your request will now be considered and you will receive a response within the statutory timescale of 20 working days as defined within the legislation which means you will hear from us on or before 04 June 2019.

Kind regards,

Kyle McCormack
Information Governance Officer

Wiltshire Council | County Hall | Bythesea Road
Trowbridge | BA14 8JN

Email: [email address] | Web: www.wiltshire.gov.uk

show quoted sections

FOI, Wiltshire Council

2 Attachments

Dear Madam,

Freedom of Information Request – ENQ10933-REQ002

Thank you for your request for information dated 18 March 2019 in which 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

Under the Freedom of Information Act 2000 ('the Act') The Council is obliged to:

•Let you know whether we hold the information you have requested
•Provide you with the requested information, if held, (subject to any exemptions under the Act which may apply).

I can confirm that Wiltshire Council holds the information you have requested. The information you requested is attached to the email.

Information supplied under the Act may be subject to copyright protection under the Copyright, Designs and Patents Act 1988. You may use the information provided in response to your request under the terms of the Open Government Licence.

If you are dissatisfied with the above response you have a right to request a review of your request for information. Details of the complaints and review procedure are appended to this letter.

Yours sincerely

Miss Sukhvir Kaur
Information Governance Officer
Email: [email address]

Freedom of Information Complaints & Review Procedure

Any person who has requested information from Wiltshire Council, which has been dealt with under the Freedom of Information Act is entitled to complain and request an internal review of their request for information if they are dissatisfied with the response they have received.

Requests for review of Freedom of Information requests must be made in writing (includes email) to:

Freedom of Information Lead
County Hall
Bythesea Road
Trowbridge
Wiltshire
BA14 8JN

Email [email address]

Please include the reference number, date of your request and details of why the review is being requested. Requests for review should be brought to the attention of the Freedom of Information Lead within 40 calendar days of the response to the original request.

Any request for review will be acknowledged in writing confirming the reasons for the review. The Freedom of Information Lead will allocate the review to someone who is independent of the original decision. The person conducting the review will set a target date for a response with the intention to complete the review within 20 working days. In more complex cases the review may take up to 40 working days.

The reviewer will conduct a full review of the handling of the request for information and of decisions taken, including decisions taken about where the public interest lies in respect of exempt information where applicable. The review enables a re-evaluation of the case, taking into account any matters raised by the requestor.

On completion of the review the reviewer will reply to the requestor with the result of the review. If the requestor is still dissatisfied following the review they should contact the Information Commissioner to appeal the decision. The Information Commissioner can be contacted using the following details:

Information Commissioner's Office
Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF

Tel: 0303 123 1113 (local rate)
01625 545 745 (national rate)
Email: [email address]

Yours sincerely,

Sukhvir Kaur

Wiltshire Council
Corporate Services & Digital
Information Governance
County Hall – 1st Floor,
Trowbridge,
Wiltshire, BA14 8JN

[Wiltshire Council request email]
Web: www.wiltshire.gov.uk

www.wiltshire.gov.uk/wisc

Follow Wiltshire Council

show quoted sections