Summary of Icelandic Bank Deposits Leading up to 2008 Crash

Neath Port Talbot County Borough Council did not have the information requested.

Dear Neath Port Talbot County Borough Council,

Please provide the following information in relation to Icelandic bank investments. Provide an MS Excel spreadsheet with the following information in separate columns:

1) Icelandic Bank deposits 2004 - 2008 broken down by a) date of investment, b) amount of investment, c) term of investment, d) rate of interest/ or total interest received, e) institution

2) The institution(s) that advised the council on its Icelandic investment strategy

3) The ledger/ payment codes which detail the transfer of the funds from councils various account(s), to the Icelandic banks, (often via a moneybroker such as ICAP).

4) Confirm/ deny whether any of the money invested in Iceland was obtained via LOBO loan borrowing

5) Confirm/ deny whether any of the money invested in Iceland was obtained via PWLB borrowing

Yours faithfully,

Joel M Benjamin

FOI Team, Neath Port Talbot County Borough Council

Thank you for your Freedom of Information request received today, 21st August 2018.

We are generally required by the Freedom of Information Act 2000 to provide you with a response promptly, and within no more than 20 working days of receipt of a request, which will be on or before 19th September 2018 (this date takes into account August Bank Holiday Monday).
   
If we require any clarification or further details we will contact you as soon as possible, if this is the case then the timescale for response specified above may be subject to change. 

If you have any queries, please do not hesitate to contact this team.

FOI Team
[Neath Port Talbot County Borough Council request email]

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed.  If you have received this email in error, please notify the sender immediately. Please note also that there is no guarantee that this email or any attachment is virus free or has not been intercepted or amended.
Mae'r e-bost hwn ac unrhyw ffeiliau a drosglwyddir gydag ef yn gyfrinachol ac at ddefnydd yr unigolyn neu'r corff y cyfeiriwyd hwy atynt yn unig. Os ydych wedi derbyn yr e-bost hwn mewn camgymeriad, dylech hysbysu'r person a anfonodd yr e-bost ar unwaith. Hefyd, sylwer nad oes unrhyw sicrwydd nad yw'r e-bost hwn neu unrhyw ymgysylltiad yn rhydd o firws ac nad yw chwaith wedi'i ryng-gipio na'i newid.

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FOI Team, Neath Port Talbot County Borough Council

Dear Sir,

I refer to your Freedom of Information request of the 20th August 2018 and apologise for the delay in replying. Neath Port Talbot County Borough Council’s answers to your questions are listed below in the body of your email.

If you are dissatisfied with the response to your request, under the Authority's FOI Policy, you may appeal in writing setting out the reasons why you think the decision is erroneous, to the Authority's Monitoring Officer at the following address:-

Head of Legal Services & Monitoring Officer Civic Centre Port Talbot
SA13 1PJ
FOI Team
[Neath Port Talbot County Borough Council request email]

In the event that you appeal and are dissatisfied with that response, you may then appeal direct to the Information Commissioner, whose address is:

Wycliffe House,
Water Lane,
Wilmslow,
SK9 5AF.

Yours faithfully
FOI Team
[Neath Port Talbot County Borough Council request email]

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed.  If you have received this email in error, please notify the sender immediately. Please note also that there is no guarantee that this email or any attachment is virus free or has not been intercepted or amended.
Mae'r e-bost hwn ac unrhyw ffeiliau a drosglwyddir gydag ef yn gyfrinachol ac at ddefnydd yr unigolyn neu'r corff y cyfeiriwyd hwy atynt yn unig. Os ydych wedi derbyn yr e-bost hwn mewn camgymeriad, dylech hysbysu'r person a anfonodd yr e-bost ar unwaith. Hefyd, sylwer nad oes unrhyw sicrwydd nad yw'r e-bost hwn neu unrhyw ymgysylltiad yn rhydd o firws ac nad yw chwaith wedi'i ryng-gipio na'i newid.

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