Common use of Current interest rates Clause in Contracts

Current interest rates. On , our prime rate was % per year. • On that date, your interest rate was % per year, calculated monthly not in advance. • This is equivalent to % per year calculated half-yearly not in advance.

Current interest rates.  On , our prime rate was % per year. •  On that date, your interest rate was % per year, calculated monthly not in advance. •  This is equivalent to % per year calculated half-yearly not in advance.