+Article 24 Variable rate credits

Article 24 Variable rate credits

Article 24

Variable rate credits

Where the credit agreement is a variable rate credit, Member States shall ensure that:

(a) 

any indexes or reference rates used to calculate the borrowing rate are clear, accessible, objective and verifiable by the parties to the credit agreement and the competent authorities; and

(b) 

historical records of indexes for calculating the borrowing rates are maintained either by the providers of these indexes or the creditors.

1. Prezentare generală

,

1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

Cerințe

3. Standarde asociate

Standarde