Interest and margin rates
Margin rates
_
| 0% through 31/12/2022* | ||||
|---|---|---|---|---|
| Currency | Benchmark rate Aug 1, 2022 | First 50'000 | Then (BM rate +1.95%) | VIP** Loans 750k+ |
| EUR | 0.000% | 0% | 1.950% | Tailored lending solutions upon request |
| USD | 1.556% | 0.99% | 3.506% | |
| GBP | 1.191% | 0.99% | 3.141% | |
* 0% rate on up to EUR 50'000 of loan applies until 31 December 2022.
** Exclusive benefits for Platinum and/or Apex VIP clients.
For loans over EUR/USD/GBP 50'000, a blended rate will apply - for example on a loan balance of EUR 100'000 , the first 50'000 will be charged 0%, and the next 50'000 1.950%, resulting in a blended rate of 0.975%.
| Currency | Benchmark rate Aug 1, 2022 | Effective rate (BM rate +2.15%) |
|---|---|---|
| CAD | 2.692% | 4.842% |
| CHF | 0.000% | 2.150% |
| SEK | 0.697% | 2.847% |
Benchmark rate = monthly average of one-month market indices: ESTR1Month (EUR), ICE LIBOR USD1Month (USD), SARON1Month (CHF), ASX Australian Bank Bill Short 1 Month (AUD), Canada Bankers Acceptances 1 Month (CAD), SONIA1Month (GBP), JIBA1Month (ZAR), STIB1Month (SEK), NIBOR1Month (NOK), CIBO01Month (DKK), EUYN01Month (JPY), HIHD01Month (HDK), BOFX1Month (THB), TELEBOR01Month (ILS), WIBO1Month (PLN), IN001Month (INR), SORACA1Month (SGD), BUBOR01Month (HUF), NDBB1Month (NZD), TRLIB1Month (TRY), SEDA1MRE (ISK), JIIN1Month (IDR), MXIBTIIE (MXN), BZDIOVRA (BRL), BUBR1Month (ROL), EIBO1Month (AED), SHIF1Month (CNH). Debit interest will be charged quarterly in arrears. In case of negative reference interest rates, a calculation basis of 0% is used.
Cash rates
_
Interest, where applicable, will be accrued daily and posted to your account on a quarterly basis.
| Currency | EUR 0-1'000 | EUR 1'001-10'000 | EUR 10'001-50'000 | 50'001+ |
|---|---|---|---|---|
| EUR | 0.000% | 0.000% | 0.000% | 0.000% |
| USD | 0.000% | 0.000% | 0.000% | 0.000% |
| GBP | 0.000% | 0.000% | 0.000% | 0.000% |
| CAD | 0.000% | 0.000% | 0.000% | 0.000% |
| CHF | -1.25% | -1.25% | -1.25% | -1.25% |
| SEK | -1.25% | -1.25% | -1.25% | -1.25% |
| DKK | 0.000% | 0.000% | 0.000% | 0.000% |
| NOK | 0.000% | 0.000% | 0.000% | 0.000% |
| HUF | 0.000% | 0.000% | 0.000% | 0.000% |
| PLN | 0.000% | 0.000% | 0.000% | 0.000% |
| ILS | 0.000% | 0.000% | 0.000% | 0.000% |
| TRY | 0.000% | 0.000% | 0.000% | 0.000% |
| AED | 0.000% | 0.000% | 0.000% | 0.000% |
| SGD | 0.000% | 0.000% | 0.000% | 0.000% |
| HKD | 0.000% | 0.000% | 0.000% | 0.000% |
| AUD | 0.000% | 0.000% | 0.000% | 0.000% |
| NZD | 0.000% | 0.000% | 0.000% | 0.000% |
| JPY | -1.25% | -1.25% | -1.25% | -1.25% |
Overdraft rates
_
| Currency | Interest rate |
|---|---|
| All Currencies | Benchmark rate + 12.99% |
Interest will be charged on debit balances in each sub currency-account. Debit interest will be accrued daily and will be charged to your account on a quarterly basis. Clients are responsible for the management of the different sub currency-account balances.
Benchmark rate = monthly average of one-month market indices: ESTR1Month (EUR), ICE LIBOR USD1Month (USD), SARON1Month (CHF), ASX Australian Bank Bill Short 1 Month (AUD), Canada Bankers Acceptances 1 Month (CAD), SONIA1Month (GBP), JIBA1Month (ZAR), STIB1Month (SEK), NIBOR1Month (NOK), CIBO01Month (DKK), EUYN01Month (JPY), HIHD01Month (HDK), BOFX1Month (THB), TELEBOR01Month (ILS), WIBO1Month (PLN), IN001Month (INR), SORACA1Month (SGD), BUBOR01Month (HUF), NDBB1Month (NZD), TRLIB1Month (TRY), SEDA1MRE (ISK), JIIN1Month (IDR), MXIBTIIE (MXN), BZDIOVRA (BRL), BUBR1Month (ROL), EIBO1Month (AED), SHIF1Month (CNH). Debit interest will be charged quarterly in arrears. In case of negative reference interest rates, a calculation basis of 0% is used.