Menu ⇕

GLOBAL MACRO & CURRENCY MANAGEMENT

call us +44 20 7399 4600

MULTI-CURRENCY Liability Management Programme

Past Performance

Calendar Year Performance - GBP Multi-Currency Liability Management Programme


Gross Total Gross Total Net

Debt Interest Saving Performance* Performance**
Year Reduction (non-cumulative) (non-cumulative)
(non-cumulative)
1996 13.57% 3.32% 16.89% 12.70%
1997 11.70% 2.61% 14.30% 10.63%
1998 12.58% 4.07% 16.66% 12.48%
1999 -11.24% 1.35% -9.89% -10.93%
2000 6.06% 3.65% 9.70% 6.89%
2001 11.89% 2.39% 14.29% 10.57%
2002 -2.73% 2.41% -0.31% -1.37%
2003 9.05% 3.19% 12.24% 8.93%
2004 2.14% 3.62% 5.76% 3.73%
2005 5.96% 2.24% 8.20% 5.61%
2006 2.53% 0.60% 3.13% 1.61%
2007 -11.02% 0.92% -10.10% -11.25%
2008 -10.49% 0.39% -10.10% -11.38%
2009 4.35% 0.15% 4.51% 2.37%
2010 -5.48% -0.05% -5.53% -6.76%
2011 -1.40% -0.03% -1.43% -2.51%
2012 4.16% 0.10% 4.27% 2.55%
2013 2.87% 0.17% 3.05% 1.59%
2014 3.19% 0.26% 3.45% 1.92%
2015
1.70%
0.26%
1.96%
0.70%
2016 1.64%
 0.08%  1.72% 0.57%
2016



January -0.63% 0.03%
-0.61%

February
0.36%
0.04% 0.39%
 
March
0.46%
0.04%
0.50%
 
April
0.68%
0.04%
0.71%
 
YTD 0.87%
0.14%
1.00%
0.52%





 

 * Total Gross Performance is before ECU's standard fee tariff

** Total Net Performance is after ECU's standard fee tariff

 

The above chart illustrates, since the inception of our debt management programme in 1988, the "combined" benefits of debt reduction and cumulative interest rate savings, net of all fees and when compared to a standard variable interest-only sterling loan facility and taking into account cumulative interest rate savings.

Source: The ECU Group plc, Kleinwort Benson (CI) Ltd (up to 31/12/09) and HSBC Private Bank (from 1/1/10).

The above chart illustrates the "capital only" value of single currency loans as compared with an ECU managed multi-currency loan facility (excluding interest rate savings, costs and fees).

VIEW CALCULATION METHODOLOGY

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.

© 2017 The ECU Group PLC