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Update on LOBO loans

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Research for Action

Dear South Lanarkshire Council,

I would like to make a FOI request regarding your LOBO loans.
In May 2018 I requested details of your LOBO loans:
https://www.whatdotheyknow.com/request/l...

However, there appears to be a discrepancy with information provided at earlier dates:
https://www.whatdotheyknow.com/request/d...
https://www.whatdotheyknow.com/request/l...

In particular, in your response in May the details for the following loans were not provided:
3000000143
3000005785
3000005862
3000006000
3000006001
3000006002

For such loans, could you kindly provide the information requested below, or otherwise, explain what has happened to them.

Please provide a spreadsheet in .xls format containing the following information for each of the LOBO loans (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

Kind regards,

Ludovica Rogers

Dickson, Laura, South Lanarkshire Council

3 Attachments

Dear Mr Rogers,

 

Please see attached response to your recent Freedom of Information
request.

 

Kind regards

 

Laura Dickson

Secretary to Head of Service

Finance/ IT Service

Finance and Corporate Resources

South Lanarkshire Council

Council Offices

Almada Street

Hamilton  ML3 0AA

Tel. 01698 454168

e-mail: [1][email address]

Council website: [2]www.southlanarkshire.gov.uk

 

 

More information

British Sign Language (BSL) users can contact us via
[3]www.contactscotland-bsl.org.

More information about contactSCOTLAND-BSL can be found at their website
[4]https://contactscotland-bsl.org/

 

 

South Lanarkshire Council

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