A responsive product combining the benefits of a flexible lending policy with competitive interest rates.
Product details
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Benefits
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Instant access to funds to take advantage of other investment opportunities
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Currencies
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Available in most major currencies
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Facility details
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The facility encompasses both long term and short term (eg, settlement mismatches) borrowing requirements. The minimum amount available under this facility is GBP 100,000. As collateral we will require a charge over an investment portfolio preferably under our custodianship. The minimum margin required will depend upon the quality of the collateral
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Charges
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Interest
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Charged at an interest rate linked to London Inter-Bank Offer Rate (LIBOR)
If the relevant LIBOR rate is 1% or less during the period in which the facility is in place, the rate payable will be 1% plus the agreed percentage above the LIBOR rate applicable to the facility. This means that the rate paid will never go below 1% plus the additional percentage rate of the interest rate margin. This is known as the rate floor
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Arrangement fee
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Negotiable
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Transaction charges
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Our normal securities transaction charges will also apply where the portfolio is under our custodianship - details are available
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Examples of Margins
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Portfolio of AAA bonds
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111%
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Portfolio of FTSE / Blue Chip equities
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154%
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If you would like to discuss how we can assist you further please contact us on
Tel: +44 (0)20 32077400 or email our team of advisers.