Loans being amortised to the City of Nantes as of January 1, 2020
Description
**** Loans under amortisation to the City of Nantes on 1 January 2020
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The use of borrowing for communities is heavily regulated. Thus, the loan can only cover the financing of capital expenditure: rehabilitation works, new construction, acquisition of furniture, equipment, etc. The community’s own resources must cover the repayment of loans.
The deliberative assembly is responsible for borrowing. In order to have an “active debt management”, i.e. to be able to take advantage of the opportunities to renegotiate a loan, launch a consultation, make an early repayment, etc., without waiting for the holding of a deliberative meeting, this competence is delegated to the Vice-President in charge of Finance in Nantes Métropole.
In terms of debt strategy, Nantes Métropole chooses to have recourse to limited borrowing, to diversify its loans in terms of lenders and rates, not to take out any structured loans.
_Classification of Borrowing Risks (known as “Gissler Classification”):_
The Good Behaviour Charter signed in 2009 aims to govern the mutual relations between local and regional authorities and banking institutions. The Commission formulates a number of reciprocal commitments, in particular to enable better control of risks. In this context, a risk matrix has been defined in order to allow a classification of the products proposed to local authorities. This classification has two dimensions:
* risk associated with the underlying index(s), 1 being the minimum risk and 5 the maximum;
* risk associated with product structure, A being minimum risk and maximum E.
| ** underlying indices** |
| **structures**
—|---|—
1 | Eurozone indexes | A ▲ Fixed rate exchange against variable rate or vice versa. Structured rate exchange against variable rate or fixed rate (single sense). Capped single variable rate (Cape) or framed (Tunnel)
2 | French inflation indexes or euro area inflation indexes or differences between these indices | B ⋆ Simple barrier. No leverage
3 | Eurozone index differential | C ▲ Exchange option (Swaption)
4 | Non-euro area indexes. Deviation of indices, one of which is a non-euro area index | D | Multiplier up to 3; multiplier up to 5 cape
5 | Non-euro area index differential | E ▲ Multiplier up to 5
6* | Unauthorised indexations under the charter (exchange rates, etc.) | F* ▲ Structures not authorised by the Charter (cumulative, multiplier > 5, etc.)
_* Excluding Charter_
* * * *
Resources
| Name |
Format |
Description |
Link |
|
8 |
|
https://www.data.gouv.fr/api/1/datasets/r/48f2a0f1-213d-4a2d-a43e-abe53996c3a6 |
|
23 |
|
https://www.data.gouv.fr/api/1/datasets/r/cabdbabc-f89a-4388-8e89-32e03b8ad1e6 |
Tags
- citoyennete-institution
- emprunt