+Article 12 2.

Article 12 2.

The loan shall be subject to the following conditions:

(a) 

the borrowing DGS must repay the loan within five years. It may repay the loan in annual instalments. Interest shall be due only at the time of repayment;

(b) 

the interest rate set must be at least equivalent to the marginal lending facility rate of the European Central Bank during the credit period;

(c) 

the lending DGS must inform EBA of the initial interest rate and the duration of the loan.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards