Therefore the Commission will accept that public or private loans are granted at an interest rate which is at least equal to the central bank overnight rate plus a premium equal to the difference between the average one year interbank rate and the average of the central bank overnight rate over the period from 1 January 2007 to 30 June 2008, plus the credit risk premium corresponding to the risk profile of the recipient, as stipulated by the Commission ...[+++] Communication on the revision of the method for setting the reference and discount rates.

if different interest rates and charges are offered for a limited period or amount, the interest rate and the charges shall be deemed to be the highest rate for the whole duration of the credit agreement.

In this case, the loss shall consist of the difference between the initially agreed interest rate and the interest rate at which the creditor can lend out the amount repaid early on the market at the time of early repayment, and shall take into account the impact of early repayment on administrative costs.

Of all the factors known to affect the value of the Canadian dollar relative to the U.S. dollar over time, according to John Murray, most long-term movements in the Canadian dollar can be attributed to fluctuations in four of the above-mentioned underlying variables – the difference in Canadian-U.S. inflation rates; interest rate differentials between the two countries; the world price of energy; and the world price of non-energy commodities.

Since interest on refunds is taxable, while interest on arrears is not deductible, this can result in a net cost after taxes for the corporation, and this is complicated by the different interest rates for refunds and arrears.

3 Directive 90/435/EEC of 23 July 1990; OJ No L 225 of 20 August 1990. 4 Directive 90/434/EEC of 23 July 1990; OJ No L 225 of 20 August 1990. - 3 - - Once it has been ratified by all Member States, the Arbitration Convention5 will guarantee the elimination, within a specified period of time, of the economic double taxation falling on a group where a tax authority increases the profits that an enterprise has earned through transactions carried out with an associated enterprise in another Member State without the latter's profits being reduced correspondingly.