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The effects of negative interest reference rates on credit agreements - Variable rate clauses for negative EURIBOR.

2015-05

The continuing low-interest environment has resulted in the ongoing reduction in the customary interest reference rates (for example EURIBOR, EONIA or LIBOR). What was unthinkable for a long time has now become a reality in the world of interest rates: Interest reference and key interest rates have now fallen below zero. What does this mean for banking in practice, and what are the legal aspects?

Full article in German

Authors

Portrait ofGünther Hanslik
Günther Hanslik
Managing Partner
Vienna
Anna Konopka