Reference interest rates Clause Samples
Reference interest rates. Euribor Euribor is the euro area money market reference rate controlled by the European Banking Federation (FBE) and the Financial Markets Association (ACI) at the time this agreement is signed. The determination of the value of the Euribor is based on the currently valid international practice. Quotation day refers to a day on which the value of the Euribor rate is determined according to currently valid international practice. When the reference rate is one (1) month's Euribor , the value of the reference rate will be adjusted on each quotation day in accordance with the daily quotation of one (1) month’s Euribor rate. The deposit interest rate changes as much as the reference rate value has changed. When the reference rate is one (1) week’s Euribor , the value of the reference rate will be adjusted on each quotation day in accordance with the daily quotation of one (1) week’s Euribor rate. The deposit interest rate changes as much as the reference rate value has changed. Eonia Eonia is an overnight rate determined daily by the euro area banks. The value of the deposit reference rate changes daily. The deposit interest rate changes as much as the reference rate value has changed. Euribid Euribid is a deposit reference rate derived from the Euribor reference rate. The value of one (1) month's /one (1) week's Euribid is calculated by deducting 0.125% from the value of the Euribor reference rate for the corresponding time period. The value of the deposit reference rate changes daily. The deposit interest rate changes as much as the reference rate value has changed.
Reference interest rates. If the Account has a reference interest rate, that is, an interest rate that is linked to and tracks an interest rate which comes from a publicly available source, we may change our interest rates at any time and without notice to you. Such changes to an interest rate may be applied immediately. Please contact your relationship manager for more details relating to such changes to the interest rate.
Reference interest rates. 7.9.1. You agree that changes to interest rates that are based on changes to the reference interest rates can be applied by us without notice as long as they are based on the reference interest rates for which we notified you in accordance with article 54(3) of the Law. In such an event, the information will be provided to you at our branches and/or our Website and/or if you communicate with us and request this information. It is further agreed that if at any time the price of the relevant reference interest rate falls below zero, then the said reference rate shall, for the purposes of the present Terms, be deemed to be zero.
7.9.2. We also inform you that we may apply unilaterally and without notice variations to the interest rates that are to your benefit.
7.9.3. In case you are not a Consumer or a Micro-Enterprise, you agree that we can vary the interest rate with which your account is credited and/or debited by an announcement in the daily press or written notice and that any such variation will apply from the date specified in the said notice or announcement.