consetetur sadipscing elitr, sed diam nonumy eirmod tempor invidunt ut labore et dolore magna
In the event that for any reason 5 days before the Date of the Interest Rate Recalculation on the website of the Bulgarian National Bank (BNB) or other substituting website, the value of the Short-Term Reference Interest Rate/ Medium-Term Reference Interest Rate is not published according to BNB statistics for the respective month preceding the month in which the recalculation is made, henceforth in accordance with the current Action Plan:
When determining the value of the Reference Interest Rate, the last available value according to BNB statistics of the Short-term Interest Rate/ Medium-term Interest Rate officially published on the BNB website or on the substitute website will be applied, before the first day of the respective month in which the recalculation is made, for the term of three calendar months, starting from the month following the month for which the Short- term Interest Rate/ Medium-term Interest Rate according to BNB statistics has been announced.
In the event that there is still no announced information on the value of the Short-term Interest Rate/ Medium-term Interest Rate according to BNB statistics, for the previous three consecutive calendar months, the Reference Interest Rate will be assumed to be similar to the above mentioned interest rates, reflecting the expenses of the banks for financing in the official currency in Bulgaria, announced on the official website of the European Central Bank or another official source.
In case there is still no announced information on the value of the Short-term Interest Rate/Medium-term Interest Rate according to BNB statistics for the previous three consecutive calendar months and there is no interest rate, for Reference interest rate under this Agreement in the future will be applied EURIBOR, 2 (two) working days (spot value date) before the Date of interest recalculation, as the term of the used index depends on the specific contract with the client.
Information on the applicable values of EURIBOR is published on the website of Raiffeisenbank (www.rbb.bg) and is announced in its commercial premises.
Information on the applicable values of: the 1-month / 3-month / 6-month EURIBOR is also available on the websites of publicly available leading financial sites such as http://www.euribor.org or www.euribor-rates.eu (or on another page that replaces the pages of http://www.euribor.org or www.euribor-rates.eu).
In the event that EURIBOR changes significantly or is no longer available, the EURIBOR Action Plan shall apply accordingly.