Common use of Interest on Deposits Clause in Contracts

Interest on Deposits. 12.1 If the daily final balance (the amount of accepted Instruments shall be excluded from such balance until they are settled) is one (1) Yen (one (1) fractional unit in the case of a foreign currency) or more, deposit interest shall accrue for units of one (1) Yen (one (1) auxiliary currency in the case of a foreign currency) and such interest, calculated at the interest rate stipulated by the Bank, shall be credited to the Yen-denominated Current Account on a date prescribed by the Bank; provided, however, that any interest on the Current Account shall not exceed the upper limit prescribed by applicable law. 12.2 The interest rate referred to in Article 12.1 will be varied reflecting changes in financial conditions, and a different interest rate may apply depending on the balance on the Current Account.