EFTA02415526.pdf

To: jeevacation@gmail.com[jeevacation@gmail.com] From: PETER MANDELSON Sent: Wed 12/1/2010 10:07:26 PM Subject: Fw: Re: Rio apartment I cannot tell you how nervous this makes me. Going to bed now. On 24 Nov 2010, at 16:34, wrote: Peter, I am pleased to confirm that I now have approval to provide you with a loan on the following headline terms:- Borrower You Amount £1.68m Purpose Assistance with purchase of holiday home in Rio Term 5 years Repayment £24,000 per quarter Security Mortgage over 4 Park Village West Valuation The property will be valued by one of the bank's panel valuers, at your cost. We require a minimum valuation of £2.4m Interest 2.25% over 3m LIBOR - i.e. approx. 3% p.a. at the present time. This is a discount to our revised standard pricing of 2.5% margin, and unfortunately I am unable to reduce it further Fee 0.75% (£12,600) Other For the duration of the facility, it is a condition that you maintain a minimum credit balance with us of £100,000 Please advise if/how you wish to proceed. As you may recall, from the end of this week I will be on holiday until 13th December. but Sam will be able to take matters forward in my absence. Regards Mark HSBC Private Bank Mark MALL ASSOCIATE DIRECTOR I Media & Entertainment FISBC Private Bank (UK) Limited, 78 St. James's Street, London, SW1A 1JB EFTA_R1_01479040 EFTA02415526 T IF I Mark NIALUPBGBIHSBC (internal use only) An Award winning service - find out more about our 2010 accolades at : www.hsbcurivatebank.corn/awards To Mark NIALUPBGBMSBC@HSBC Nov 21 2010 19:10 cc Mail Size: MISS Subject Re: Rio apartment Please respond to Entity Private Banking Groat Britain • PBGB Mark,Thanks for this but is 3pc an estimate or a decision ? It seems a bit steep in all the circumstances. Would you consider coming down to 2pc ?BestPeter Sent from my BlackBerry® wireless device From: Date: Fri, 19 Nov 2010 13:51:00 +0000 To: PETER MANDELSON< Subject: Re: Rio apartment Peter, 3% was the rate I used to arrive at approx. £12k per month. This is an approximate figure based on 3m LIBOR of 0.74% + the Bank's margin of 2.25%. Regards Mark HSBC Private Bank Mark MALL ASSOCIATE DIRECTOR I Media 8 Entertainment HSBC Private Bank (UK) Limited, 78 St. James's Street, London, SW1A 1JB T IF I Mark NIALUPBGB/HSBC (internal use only) An Award winning service - find out more about our 2010 accolades at : www.hsbcprivatebank.corn/awards EFTA_R1_01479041 EFTA02415527 PETER MANDELSON To Mark NIALUPBGEVHSBC@HSBC Nov 19 2010 13:48 Ct Idad Slit. 14843 Subject Re: Rio apartment Private Banking Great Britain • Entity PBGB Thanks, Mark, for your sensitive handling of the meeting this morning. The first question David A asked me was "what % interest rate" is the bank charging ?". I know the level of monthly re-payment but what's the answer to David's question... Peter --- On Fri, 19/11/10, wrote: From: Subject: Re: Rio apartment To: "Peter Mandelson" •~ Date: Friday, 19 November. 2010. 11:31 Peter, Further to our meeting earlier I have been following up. Unfortunately I was working on the incorrect assumption that we valued Park Village West when you bought it. However we did not (due to the modest LTV), so we will need to instruct a valuer in due course, but other than the cost of doing so, this should not change the numbers we discussed. I will be in touch. Best wishes Mark HSBC Private Bank Mark NIALL ASSOCIATE DIRECTOR I Media & Entertainment HSBC Private Bank (UK) Limited, 78 St. James's Street, London, SW1A 1JB EFTA_R1_01479042 EFTA02415528  I Mark NIALL/PBGB/HSBC (internal use only) An Award winning service - find out more about our 2010 accolades at : www.hsbcprivatebank.com/awards Peter Mendelson To MadthIMLUPBGBINSBC@HSBC Nov 07 2010 14:29 cc SarnantiaATICNMEGWHSBCOHSBC Mail Size: 5325 Subject RioaparVnent Entity Private Banking Great Britain - PBGB Mark, as we discussed, I am considering a purchase of an apartment in Rio. It is in a block under construction in Ipanema. It is being re-sold off plan by the original purchaser. Asking price is 5.350.000 rials. I am told that this value will rise on construction and will follow Rio property prices up in coming years. I can forward property details to you in next few days but I would be grateful for advice from you on how HSBCPB in Rio can assist in helping me take the decision on this particular property and in a purchase. I also need some advice on tax implications in Brazil and UK. I am minded to place ownership, once secured, in Reinaldo's name and advice on this would also be welcome. Please let me know whether and how you can help on this. Best regards from Beijing Peter Sent from my iPad HSBC Private Bank(UK)Limited Registered Office: 8 Canada Square, London, E14 5HQ, United Kingdom Registered in England number 499482 EFTA_R1_01479043 EFTA02415529  Authorised and regulated by the Financial Services Authority ***•11•11111*Ittlr SAVE PAPER - THINK BEFORE YOU PRINT! This E- mail is confidential. It may also be legally privileged. If you are not the addressee you may not copy, forward, disclose or use any part ofit. If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return E-mail. Internet communications cannot be guaranteed to be timely, secure, error or virus-free. The sender does not accept liability for any errors or omissions. HSBC Private Bank (UK) Limited Registered Office: 8 Canada Square, London, E14 5HQ, United Kingdom Registered in England number 499482 Authorised and regulated by the Financial Services Authority *********** SAVE PAPER - THINK BEFORE YOU PRINT! This E- mail is confidential. It may also be legally privileged. If you are not the addressee you may not copy, forward, disclose or use any part ofit. If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return E-mail. Internet communications cannot be guaranteed to be timely, secure, error or virus-free. The sender does not accept liability for any errors or omissions. *********** HSBC Private Bank (UK) Limited Registered Office: 8 Canada Square, London, E14 5HQ, United Kingdom Registered in England number 499482 Authorised and regulated by the Financial Services Authority ***Or******* SAVE PAPER - THINK BEFORE YOU PRINT! This E- mail is confidential. It may also be legally privileged. If you are not the addressee you may not copy, forward, disclose or use any pan ofit. If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return E-mail. Internet communications cannot be guaranteed to be timely, secure, error or virus-free. The sender does not accept liability for any errors or omissions. ********** *** *rentSit** HSBC Private Bank (UK) Limited Registered Office: 8 Canada Square, London, E14 5HQ, United Kingdom Registered in England number 499482 Authorised and regulated by the Financial Services Authority SAVE PAPER - THINK BEFORE YOU PRINT! This E- mail is confidential. It may also be legally privileged. If you are not the addressee you may not copy, forward, disclose or use any part of it. If you have received this message in error, please EFTA_R1_01479044 EFTA02415530 delete it and all copies from your system and notify the sender immediately by return E-mail. Internet communications cannot be guaranteed to be timely, secure, error or virus-free. The sender does not accept liability for any errors or omissions. EFTA_R1_01479045 EFTA02415531