UniCredit Bank Slovenija d.d.
Summary:
Late Payment Interest Rate was changed
Tue, 07/01/2014
The prescribed late payment interest rate, valid from 1st January to 30th June 2014 was changed from 8.5 % to 8.25 %. The rate is defined according to Prescribed Late Payment Interest Rate Act (Official Gazette, no. 11/07).
According to the Act, prescribed late payment interest rate is the interest rate used by European Central Bank for main refinancing operations, increased by 8 %.
Impact on investors: The late payment interest rate is applicable to cash accounts in the case of unallowed negative balance resulting from late coverage of settlement obligations or similar activities.