Contractual interest rate Sample Clauses

Contractual interest rate. The nominal rate of debit interest is equal to a variable reference rate, which is the Bank’s base rate or a market rate, increased by a certain number of basis points in accordance with the relevant type of transaction, as provided in the General Terms or in any special agreement entered into between the Client and the Bank. The nominal rate of debit interest is noted on the capitalisation statement. The details of the related fees and costs, together with the APR are noted on the statement of charges (in French “ticket d’agios”). The General Terms hereof state the agreed nominal interest rate, calculated on the basis of a 360-day year. The Bank provided on the date of execution of this current account agreement examples of the calculation of the APR for the various services offered hereunder. The Bank will notify the Client of each change of the rate charged to the client by a reference made to the capitalisation statement.