Treasury advice with regard to Brent's LOBO Swaption / Embedded Derivative Loans

Ranjan Kumaran made this Freedom of Information request to Brent Borough Council

This request has been closed to new correspondence. Contact us if you think it should be reopened.

The request was partially successful.

Dear Brent Borough Council,

For the LOBO contracts the council signed over the last twenty years please confirm which financial advisors advised the council on the cost / Benefit of each individual deal?

I am interested in understanding the process the council has undertaken to evaluate the cost/ benefit of entering lobo contracts versus borrowing from the Treasury / PWLB.

Which brokerage firms executed each of the trades?

What competitive process did the council undertake to select the above broker?

How much were Treasury Advisors paid on an annual retainer basis and how much was each advisor additionally paid for advice relating to each individual LOBO contract?

Yours faithfully,

Ranjan Kumaran

Mick Bowden,

Information request
Our reference: 2148864

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Dear Sir/Madam
 
Thank you for your information request. We will forward it to the
relevant department who will contact you shortly.
 
Brent Council
Brent Civic Centre
Engineers Way
Wembley HA9 0FJ
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

Bina Chauhan-Wild,

Information request
Our reference: 2180265

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Dear Sir/Madam
 
Thank you for your information request. We will forward it to the
relevant department who will contact you shortly.
 
Brent Council
Brent Civic Centre
Engineers Way
Wembley HA9 0FJ
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

Bina Chauhan-Wild,

Information request
Our reference: 2148864

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Dear Sir/Madam
 
Freedom of Information Act 2000
 
Thank you for your request for information that was received on 28 October
2014, as follows:
From: Ranjan Kumaran [mailto:[FOI #236319 email]]
Sent: 28 October 2014 11:38
To: Freedom of Information
Subject: Freedom of Information request - Treasury advice with regard to
Brent's LOBO Swaption / Embedded Derivative Loans

Dear Brent Borough Council,

For the LOBO contracts the council signed over the last twenty years
please confirm which financial advisors advised the council on the cost /
Benefit of each individual deal?

I am interested in understanding the process the council has undertaken to
evaluate the cost/ benefit of entering lobo contracts versus borrowing
from the Treasury / PWLB.

Which brokerage firms executed each of the trades?

What competitive process did the council undertake to select the above
broker?

How much were Treasury Advisors paid on an annual retainer basis and how
much was each advisor additionally paid for advice relating to each
individual LOBO contract?

Yours faithfully,

Ranjan Kumaran

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Please use this email address for all replies to this request:
[FOI #236319 email]
 
We are dealing with your request under the Freedom of Information Act 2000
and we aim to send a response by 25 November 2014.
 
In some case, a fee may be payable. If we decide a fee is payable, we will
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proceeding with your request.
 
The Freedom of Information Act 2000 may restrict the release of some or
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and if any exemptions apply to some or all of the information then we
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We will also advise you if we cannot provide you with the information
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Yours faithfully
 
 
Bina Chauhan-Wild
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

Bina Chauhan-Wild,

2 Attachments

Information request
Our reference: 2148864

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Dear Sir/Madam
 
Thank you for your request for information received on 28 October 2014.
 
Please find attached our response to your request.
 
Yours faithfully
 
 
Bina Chauhan-Wild
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.