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| "Converse Bank" Flexible rate /CBFR/ |
"Converse Bank" Flexible rate /CBFR/
Is calculated based on the average daily rate of the term deposits formed during the three months preceding the approval of interest rate by Converse Bank (the interest rates for special types of deposits implemented by the bank are not taken into consideration) and is rounded to decimal.
CBFR is calculated at the beginning of each month and is effective till the next change.
For the loans with floating and mixed rate, a specific margin of CBFR is established depending on the type of loan.
The amount of the loan interest rate is subject to change each year starting from the first year for floating rates and 5th years for mixed interest rate loans. Moreover, the amount of the interest rate is modified on the first date of the month following the date of signing the contract, governed by the principle of Converse Bank cjsc settlement rate effective at the date of change, plus margin.
| ISO (Code) | Unit | Rate | Start date | End date |
| AMD | 1 | 11.00 | 01.05.2013 | 31.05.2013 |
| USD | 1 | 7.00 | 01.05.2013 | 31.05.2013 |
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