Investors must have guidance By Matt Byrne 23 July 2012 00:00 17 December 2015 12:43 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 23 July 2012 at 15:55 Swap sold to me, £3 million swap, £1 million loan, then changed to a £2.6 million loan 12 weeks later with a 2 year facility, (only option available) by my manager who introduced his colleague, never mentioned he was a derivative salesman, no explanation of rising costs if rates went down, only if they went up, i was told the product was free, so how could i go wrong, quarterly costs went from £2300 to £43,000, i was advised get out fee could be about £22k, turned out to be £738,000, then i was told fresh valuations were being done at my cost, £10,000, which subsequently led to breach of covenant……. Passed to debt recovery! Reply Link Anonymous 25 July 2012 at 12:03 “so how could I go wrong” What did you think you were getting into? You make it sound like you thought you were getting free money. Did you not read the documents? Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.