1975R2364 — EN — 01.01.1981 — 001.001 — 1
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►B REGULATION(EEC)No2364/75OFTHECOMMISSION
of15September1975
on the calculation of aids in the form of loans at reduced rates of interest or of interest rebates
whicharenotspecifiedinpercentage points
(OJ L 243, 17.9.1975, p. 9)
Amended by:
Official Journal
No page date
►A1Act of Accession of Greece L 291 17 19.11.1979
▼B
REGULATION(EEC)No2364/75OFTHECOMMISSION
of15September1975
on the calculation of aids in the form of loans at reduced rates of
interestorofinterestrebateswhicharenotspecifiedinpercentage
points
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European EconomicCommunity;
Having regard to Council Regulation (EEC) No 724/75(
1) of 18 March
1975 establishing a European Regional Fund, and in particular Article
4 thereof;
Whereas the application of this Regulation requires that State aids in
the form of loans at reduced interest rates or of interest rebates which
are not specified in percentage points should be capable of beingcompared and added up;
Whereas this calculation should be made by reference to the interest
rate used for comparable operations which is in force at the time ofthe granting of the reduced interest loan or interest rebate;
Whereas such forms of aid are only provided in certain Member States;
whereas there is therefore no need to specify reference rates for theother Member States;
Whereas the measures provided for in this Regulation are in accor-
dance with the Opinion of the Fund Committee,
HAS ADOPTED THIS REGULATION:
Article 1
In all cases where a loan is granted at a reduced rate of interest or
where an interest rebate is not stated in advance to be a rebate of aspecific number of percentage points, the amount of the reduction in
the interest rate or of the rebate shall be calculated on the basis of a
reference rate.
Article 2
The reference rates for the Member States mentioned below shall be as
follows:
Belgium: rate for loans of 10 years and over
granted by the Société Nationale de
Crédit à l'Industrie;
Denmark: rate for loans granted by the European
Investment Bank increased by 1·5percentage points;
France: rate for loans for plant and machinery
granted by the Crédit National;
Italy: reference rate fixed by the State for the
payment of interest rebates to creditinstitutions;
Federal Republic of
Germany:rate for 10-year loans (programme M I
and M II) granted by the Kreditanstaltfür Wiederaufbau;1975R2364 — EN — 01.01.1981 — 001.001 — 2
(1) OJ No L 73, 21. 3. 1975, p. 1.
▼B
United Kingdom: rate of interest known as the ‘broad
commercial rate’;
Greece: reference rate fixed by Νοµισµατική
Επιτροπή.
Article 3
In each case the reference rate in force on the day of the decision to
grant the interest rebate or the reduced interest loan shall be used.
This rate shall be indicated in the request for assistance from the Fund.
Article 4
This Regulation shall enter into force on the fifth day following its
publication in the Official Journal of the European Communities .
This Regulation shall be binding in its entirety and directly applicable
in all Member States.1975R2364 — EN — 01.01.1981 — 001.001 — 3
▼A1
▼B