MULTI-CURRENCY LIABILITY MANAGEMENT PROGRAMME
In order to access ECU's debt management programme clients must have a multi-currency loan facility from their lending bank. If your lending facility is denominated in currencies that fall against GBP, the GBP value of your debt reduces. Conversely, if it is held in currencies that rise against GBP, the GBP value of your debt increases.
For example, if the underlying currency of your lending facility is held in EUR and EUR falls by 5% against GBP, the GBP value of your loan reduces by 5%.
This example is for illustration purposes only.
ECU specialises in managing multi-currency loan facilities with the aim of placing it in currencies that it believes will fall against GBP.
The above chart has been prepared by ECU using specific assumptions:
Past performance is no guarantee of future performance. Foreign exchange movements can be sudden and substantial. Changes in the exchange rate may increase the sterling equivalent of a client's debt. The increase could be sizeable.