Public reports pack PDF 3 MB - Blaby District Council

In addition the Council has placed two tranches of £1m each with Lloyds for a
five year period to support the Local Authority Mortgage Scheme.
By approving the increased limit the potential exposure would increase to
£10m, and for this reason it would be prudent, should investing the balance of
£2.5m be the most appropriate course of action, to look to another institution.
6.8 Attached at Appendix A is the Council’s current approved counterparty list,
updated to reflect the higher limits being proposed in this report.
7. Other Relevant Considerations
Human Rights Act 1998
N/A
Legal Implications
The proposals are compliant with the Council’s constitution
Human Resources Implications
N/A
Risk Assessment & Business Continuity
N/A
Equalities
No Equalities Impact Need Assessment is needed for this report
Nottingham Declaration and Climate Change
N/A
Crime & Disorder
N/A
Other
N/A
8. Other Options Considered
To maintain the Council’s investment with the Scottish Widows Investment
Partnership. Falling rates of return on the external fund make this option
increasingly less viable.
9. Appropriate Consultations
None.
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