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PEL swap rates

The French Bond Association (FBA/CNO) has - thereby enacting provisions of article 1er alinea I, of Administrative Order of the Economy, Finances and Industry Ministry, dated January 20th, 2011 amending Rule n° 86-13 of May 14, 1986 (modified) of Comité de la Réglementation Bancaire et Financière with regards to interest on funds received by credit institutions - stated the Swap rates method relative to Plans d’Epargne Logement (PEL) interest.


Swap rates are determined as follows :

  • Fixed Swap rate against 6 months Euribor
  • ISDA daily fixing (offered rate)
  • Arithmetic mean of ISDA fixings
     

 

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last update 01 July 2019