Report of the Chamberlain.
Minutes:
The Committee considered a Report of the Chamberlain concerning the Corporation’s loan facility arrangements to the institutional departments and third party bodies within the City of London Corporation ‘family’.
RESOLVED – that the Committee approved:
· the interest rate for loan facilities for City’s Cash should remain at 2.35%;
· the interest rate for loan facilities for City Fund should be the PWLB rate for the relevant tenure prevailing on the date the loan is agreed; and
· that these rates should be reviewed in 12 months’ time .
Supporting documents: