ICL-AF-0004 Active
Aurora Freight Group In-House Bank · Aurora Freight Group plc
£8,500,000
Aurora Freight UK Ltd → Aurora Freight Nederland BV
No physical cash moves between the subsidiaries. The loan sits on the in-house bank's notional balances — the lender's account is credited and the borrower's debited — but the interest is real and is a defensible transfer price for tax purposes.
Arm's-length rate build-up
Benchmark + credit spread = arm's-length rate
520 bps
+
110 bps
=
630 bps
View data table
| Component | Basis points |
|---|---|
| SONIA benchmark | 520 bps |
| Credit spread | 110 bps |
| Arm's-length rate | 630 bps |
Loan terms
Booked through the in-house bank
- Lender
- Aurora Freight UK Ltd (GB)
- Borrower
- Aurora Freight Nederland BV (NL)
- Principal
- £8,500,000
- Currency
- GBP
- Benchmark
- SONIA · 520 bps
- Credit spread
- 110 bps
- Arm's-length rate
- 630 bps
- Interest convention
- Act 365
- Start date
- 12 Apr 2026
- Maturity date
- 12 Oct 2027
- Accrued interest
- £133,875
- Indicative annual interest
- £535,500
- Tax jurisdiction (borrower)
- Netherlands
Purpose
Why the in-house bank booked this facility
Bridge Rotterdam customs-bonded stock