Law Repealing The Discount Rate Transitional Law

Original Language Title: Gesetz zur Aufhebung des Diskontsatz-Überleitungs-Gesetzes

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here:

Law of the discount rate transitional Government Act DÜGAufhG Ausfertigung date: 26.03.2002 full quotation: "law to lift the discount rate-transitional Act of 26 March 2002 (BGBl. I S. 1219, 1220)" footnote (+++ text detection from: 4.4.2002 +++) the G as article 4 of the G v. 26.3.2002 I 1219 (VersKapAG) by the German Bundestag, with the consent of the Federal Council adopted. It entered into force article 5 of this G on the April according.

Section 1 - section 2 introduction of new rates (1) it be replaced: 1 the "discount rate of the Deutsche Bundesbank" or the "discount rate of the Bank deutscher Länder" respectively by the "base rate according to § 247 of BGB (Bürgerliches Gesetzbuch) (civil law", 2 the "base rate" by the "base rate according to § 247 of BGB (Bürgerliches Gesetzbuch) (civil law", 3 the "Frankfurt interbank offered rate for the raising of money by first addresses on the German market (FIBOR)" by the "EURO interbank offered rate sets for the procurement of six month money first addresses in the participating countries of the European Monetary Union" , 4. the "Lombard-rate of the Deutsche Bundesbank" by the "interest rate of the marginal lending facility (SFR - interest rate) European Central Bank", 5 the "interest rates for cash credits of the Federal Government" through the 1.5 percentage points increased base interest rate according to § 247 of BGB (Bürgerliches Gesetzbuch) (civil law.
(2) the Federal Ministry of Justice is authorized to adjust the term of reference values and interest rates by Decree without the consent of the Bundesrat in laws and legal regulations of the Federal Government in accordance with paragraph 1.