Rate card
Financing rates
Every rate on this page is the sum of a publicly published benchmark and a contractual spread. Nothing is discretionary and nothing is hidden.
Spreads by currency and tier
| Currency | Benchmark | Loan tier | Spread |
|---|---|---|---|
| GBP | SONIA | Below 100,000 | +2.50% |
| 100,000 – 1,000,000 | +1.75% | ||
| 1,000,000 and above | +1.25% | ||
| USD | SOFR | Below 100,000 | +2.50% |
| 100,000 – 1,000,000 | +1.75% | ||
| 1,000,000 and above | +1.25% | ||
| EUR | EURIBOR | Below 100,000 | +2.75% |
| 100,000 – 1,000,000 | +2.00% | ||
| 1,000,000 and above | +1.50% |
Applied annual rate = benchmark + tier spread. Benchmark rates move with market conditions and pricing is reviewed periodically. Spreads shown are indicative; final pricing is subject to account review.
Reference benchmarks
| Currency | Benchmark | Administrator | Type |
|---|---|---|---|
| GBP | SONIA | Bank of England | Unsecured overnight |
| USD | SOFR | Federal Reserve Bank of New York | Secured overnight |
| EUR | EURIBOR | European Money Markets Institute | Unsecured term |
Benchmark levels are published daily by each administrator and are freely verifiable. Rates are reviewed periodically to reflect market conditions; changes to contractual spreads are notified in advance in accordance with your facility agreement.
Accrual conventions
360-day basis
Interest is calculated on a 360-day year, the standard wholesale money-market convention.
Daily accrual
Applied to the closing balance each day. Repayments stop accrual on the day they are made.
Monthly settlement
Accrued interest is aggregated and charged once a month in arrears.
What we do not charge
- No arrangement or facility establishment fee
- No commitment or non-utilisation fee on the undrawn balance
- No minimum monthly interest charge
- No early repayment penalty
- No rate floor preventing you from benefiting when benchmarks fall
Third-party costs — exchange fees, custody charges and applicable taxes — are passed through at cost and itemised separately on your statement.