The Duchess and the £5bn 'five yard' deal

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The Independent Online

The Duchess of Cornwall has closed a £5bn deal in the City as part of a global charity event expected to raise millions. The Icap 19th annual global charity day saw Camilla and celebrities including Lewis Hamilton, Rod Stewart and Rupert Everett join hundreds of brokers sporting fancy dress to raise funds for more than 200 charities.

The £5bn deal completed by the Duchess of Cornwall was a "five yard" sterling interest rate swap, facilitated by brokers dressed as beefeaters, and one of several huge deals closed as she moved from desk to desk.

The interdealer broker Icap expects to raise millions for charities including Maggie's, a cancer charity of which the Duchess is president.