Resolution Of 10 Of June Of 2015, Of The Secretariat General Of The Treasury And Political Financial, By Which Is Updated The Annex 1 Included In The Resolution Of 5 Of February Of 2015, By Which Is Defines The Principle Of Prudence Financial Applicabl...

Original Language Title: Resolución de 10 de junio de 2015, de la Secretaría General del Tesoro y Política Financiera, por la que se actualiza el anexo 1 incluido en la Resolución de 5 de febrero de 2015, por la que se define el principio de prudencia financiera aplicable...

Read the untranslated law here: http://www.boe.es/buscar/doc.php?id=BOE-A-2015-6469

Resolution of February 5, 2015, of the General Directorate of the Treasury and financial policy, which defines the principle of financial prudence, applicable to operations of indebtedness and derived from local authorities, and of the autonomous communities which accept the Fund's financing autonomous sets in its third article that 'the maximum total cost of borrowing operations , including commissions and other expenses, except them commissions cited in the paragraph 3 of this article, not may overcome the cost of financing of the State to the term of the operation, increased in the differential that corresponds according to the type of administration, defined in the paragraph following.

The autonomous communities and local entities that have proprietary assessment tools or independent external advice, determined at the time of the operation cost of financing from the Treasury on the basis of the methodology contained in annex 2 of this resolution. The rest of local entities, to know the cost of financing of the State each term, used the table of fixed rates or the differential applicable maximum on each reference published monthly, by resolution, the General Directorate of the Treasury and financial policy. «The costs maximum published will remain in force while not be publish new costs».

In accordance with the obligation of monthly update of the cost of financing of the State each time, publishes a new annex 1 which shall replace annex 1 included in the resolution of February 5, 2015.

Madrid, 10 of June of 2015.-the Secretary General of the Treasury and political financial, Rosa Maria Sanchez-Yebra Alonso.

ANNEX 1 types of interest differential cost of State funding for the purpose of compliance with paragraph third from the resolution of 5 February 2015, the General Directorate of the Treasury and policy financial half-life operation (months) and fixed maximum fixed rate differential maximum on euribor 12 months differential maximum on euribor 6 months differential maximum on euribor 3 months maximum on euribor 1 month 1 differential - 0.09 2 0 - 0.01 8 3 0.01





 





 





2





10






4





0,02





 





 





3





11






5





0,02





 





 





3





11






6





0,03





 





–2





4





11






7





0,04





 





–1





4





12






8





0,04





 





–3





3





11






9





0,04





 





–4





2





10






12





0,05





–11





–3





3





10






13





0,06





–12





–3





3





11






14





0,06





–13





–4





3





11






15





0,06





–13





–4





3





11






16





0,07





–14





–4





3





11






17





0,07





–14





–5





3





11






18





0,08





–13





–4





3





11






19





0,10





–12





–3





4





12






20





0,12





–11





–2





6





14






21





0,14





–9





0





7





15






22





0,17





–7





2





9





18






23





0,20





–5





5





12





20






24





0,23





–3





6





14





22






36





0,52





14





24





32





40






48





0,84





30





40





49





58






60





1,22





51





61





70





79






72





1,53





63





73





82





92






84





1,81





75





85





94





103






96





2,08





87





97





106





115






108





2,29





94





104





113





122






120





2,39





93





103





112





121






132





2,53





98





108





117





126






144





2,67





105





115





124





133






156





2,82





113





123





131





141






168





2,92





117





127





135





145






180





2,97





117





127





136





145






192





3,03





120





129





138





147






204





3,08





122





132





141





150






216





3,13





125





135





144





153






228





3,18





129





139





147





157






240





3,23





132





142





151





160






252





3,28





136





145





154





163






264





3,32





139





148





157





166






276





3,34





140





150





159





168






288





3,36





142





152





161





170






300





3,39





144





154





162





172






312





3,41





147





156





165





174






324





3,44





149





159





167





177






336





3.46 151 161 170 179 348 3.49 154 164 172 182 ≥360 3.51 156 166 175 184 them types of interest fixed and differential maximum applicable to operations whose life half exact not is find posted in the present table is find by interpolation linear between them two types or differential more near to the term half of the operation.

Fixed interest rates and differential applicable maximum for operations whose exact half life is not posted in this table shall be found by linear interpolation between the two types or spreads closer to the average operation time. On these differentials or fixed interest rates on euribor, differential maximums contained in article 3, paragraph 2, of the resolution of 5 February 2015, the General Directorate of the Treasury and financial policy may be applied