Interest rate (ANNLSD_AGRD_RT)

Definition: Interest rate. Annualised agreed rate or narrowly defined interest rate in accordance with Regulation (EU) No 1072/2013 of the European Central Bank (ECB/2013/34). Regulation (EU) No 1072/2013 (ECB/2013/34) defines the annualised agreed rate (AAR) as “the interest rate that is individually agreed between the reporting agent and the household or non-financial corporation for a deposit or loan, converted to an annual basis and quoted in percentages per annum. The AAR covers all interest payments on deposits and loans, but no other charges that may apply. Disagio, defined as the difference between the nominal amount of the loan and the amount received by the customer, is considered as an interest payment at the start of the contract (time t0) and is therefore reflected in the AAR”. The narrowly defined effective rate (NDER) is defined as “the interest rate, on an annual basis, that equalises the present value of all commitments other than charges (deposits or loans, payments or repayments, interest payments), future or existing, agreed by the reporting agents and the household or non-financial corporation. The NDER is equivalent to the interest rate component of the annual percentage rate of charge (APRC) as defined in Article 3(i) of Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC. The NDER uses successive approximation and can therefore be applied to any type of deposit or loan, whereas the AAR is only applicable to deposits and loans with regular capitalisation of interest payments”. Although both definitions refer to loans extended to households and non-financial corporations, this data attribute is reported for all instruments regardless of the sector of the debtor. More information on the methodology for calculating the interest rate can be found in the Manual on the MFI interest rate statistics3.

Reporting qualification: This data attribute is reported for each instrument. There can be no derogations in accordance with Article 7 of the AnaCredit Regulation in respect of this data attribute.

Values: A percentage interest rate with two decimals is reported as a numeric value. Both positive and negative values are admitted. For an illustration, consider the following examples: • An interest rate of 3.57% on an annual basis is reported as 0.0357. The Manual on the MFI interest rate statistics can be found in the Statistics section of the ECB’s website. Disagio, defined as the difference between the nominal amount of the loan and the amount received by the debtor, is considered as an interest payment at the start of the contract (time t0) 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes • An interest rate of -0.5% on an annual basis is reported as -0.005. • An interest rate of 0% is as 0. Please note that the presented values do not reflect the technical standards for the reporting, meaning that the NCB may require a different degree of precision for the value. General reporting instructions, specific cases and examples In accordance with the requirements for MFI interest rate statistics, the interest rate to be reported is as follows. If there is an amount outstanding at the reporting reference date, then: • the interest rate referring to the outstanding amount is the weighted average interest rate applied to the outstanding amount at the reporting reference date; • the weighted average interest rate is the sum of the AAR/NDER multiplied by the corresponding outstanding amounts and divided by the total outstanding amount. To that extent, undrawn amounts are not considered for the calculation of the weighted interest rate. For instance, for a credit card debt for which the outstanding nominal reported at the reference date is a “convenience credit”, the interest rate of 0% is to be reported as 0; for those credit card debts which at the reporting reference data comprise both an “extended credit” and a “convenience credit”, the weighted average of the respective interest rates charged is reported. Otherwise, if the outstanding amount is 0 (zero) at the reporting reference date, then reporting agents provide the weighted average interest rate applied to the maximum amount (considering the credit limit but disregarding any possibility to exceed the credit limit) that could be outstanding under the instrument; in other words, in the case of instruments with an undrawn amount available, the interest rate is reported although the whole amount is undrawn. In accordance with the MIR statistics, penalties in the form of special fees are not covered by the AAR/NDER (the fees are not part of the outstanding amount either). Please also note also that in the calculation there is no differentiation between the ordinary interest rate and the penalty interest rate. For instance, if the outstanding amount includes an excess amount (above the credit limit) and a penalty interest rate is charged on the excess amount, this is considered in the calculation of the weighted average interest rate; in other words, if a penalty is charged in the form of higher interest rates, this penalty is also reflected in the (weighted average) interest rate to be reported. If the penalty is applied in the form of fees or other non-interest components, it is not covered. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes In the case of interest-free instruments, the interest is reported as “Non-applicable”. However, please note that an instrument with disagio is not considered an interest- free instrument. Regarding the interest rate for loans with step up/step down provisions whereby the interest rates are increased or decreased when the debtor’s credit rating is upgraded above or downgraded below certain levels, it is the actual interest rate (at the reference date) that is reported. In the case of a current account overdraft, calculating the interest rate may require weighting of the higher rate (charged when the debit balance exceeds the agreed credit limit) with the “normal” usage interest rate proportionally to the overdraft total debit balance, where the weighted average interest rate is the sum of the AAR/NDER multiplied by the corresponding amounts and divided by the sum of the corresponding amounts. Please note that penalties in the form of special fees are not included in the calculation of the AAR/NDER (for example, a loan of €110,000 is issued at a discount of €10,000 for a tenor of one year; the loan was repaid with a delay for which a penalty of €5,000 was charged so that eventually the debtor repaid €115,000; however, the penalty amount of €5,000 is not taken into account for the calculation of the NDER, which is estimated to be €10,000/€100,000 = 10%). Please also note, however, that any unpaid penalties and other fees are added to the outstanding nominal amount at a reporting reference date, and therefore are accounted for when calculating the outstanding weighted average interest rate (although they are not covered in the AAR/NDER which are thus averaged).

Definition: Interest rate. Annualised agreed rate or narrowly defined interest rate in accordance with Regulation (EU) No 1072/2013 of the European Central Bank (ECB/2013/34). Regulation (EU) No 1072/2013 (ECB/2013/34) defines the annualised agreed rate (AAR) as “the interest rate that is individually agreed between the reporting agent and the household or non-financial corporation for a deposit or loan, converted to an annual basis and quoted in percentages per annum. The AAR covers all interest payments on deposits and loans, but no other charges that may apply. Disagio, defined as the difference between the nominal amount of the loan and the amount received by the customer, is considered as an interest payment at the start of the contract (time t0) and is therefore reflected in the AAR”. The narrowly defined effective rate (NDER) is defined as “the interest rate, on an annual basis, that equalises the present value of all commitments other than charges (deposits or loans, payments or repayments, interest payments), future or existing, agreed by the reporting agents and the household or non-financial corporation. The NDER is equivalent to the interest rate component of the annual percentage rate of charge (APRC) as defined in Article 3(i) of Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC. The NDER uses successive approximation and can therefore be applied to any type of deposit or loan, whereas the AAR is only applicable to deposits and loans with regular capitalisation of interest payments”. Although both definitions refer to loans extended to households and non-financial corporations, this data attribute is reported for all instruments regardless of the sector of the debtor. More information on the methodology for calculating the interest rate can be found in the Manual on the MFI interest rate statistics3.

Reporting qualification: This data attribute is reported for each instrument. There can be no derogations in accordance with Article 7 of the AnaCredit Regulation in respect of this data attribute.

Values: A percentage interest rate with two decimals is reported as a numeric value. Both positive and negative values are admitted. For an illustration, consider the following examples: • An interest rate of 3.57% on an annual basis is reported as 0.0357. The Manual on the MFI interest rate statistics can be found in the Statistics section of the ECB’s website. Disagio, defined as the difference between the nominal amount of the loan and the amount received by the debtor, is considered as an interest payment at the start of the contract (time t0) 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes • An interest rate of -0.5% on an annual basis is reported as -0.005. • An interest rate of 0% is as 0. Please note that the presented values do not reflect the technical standards for the reporting, meaning that the NCB may require a different degree of precision for the value. General reporting instructions, specific cases and examples In accordance with the requirements for MFI interest rate statistics, the interest rate to be reported is as follows. If there is an amount outstanding at the reporting reference date, then: • the interest rate referring to the outstanding amount is the weighted average interest rate applied to the outstanding amount at the reporting reference date; • the weighted average interest rate is the sum of the AAR/NDER multiplied by the corresponding outstanding amounts and divided by the total outstanding amount. To that extent, undrawn amounts are not considered for the calculation of the weighted interest rate. For instance, for a credit card debt for which the outstanding nominal reported at the reference date is a “convenience credit”, the interest rate of 0% is to be reported as 0; for those credit card debts which at the reporting reference data comprise both an “extended credit” and a “convenience credit”, the weighted average of the respective interest rates charged is reported. Otherwise, if the outstanding amount is 0 (zero) at the reporting reference date, then reporting agents provide the weighted average interest rate applied to the maximum amount (considering the credit limit but disregarding any possibility to exceed the credit limit) that could be outstanding under the instrument; in other words, in the case of instruments with an undrawn amount available, the interest rate is reported although the whole amount is undrawn. In accordance with the MIR statistics, penalties in the form of special fees are not covered by the AAR/NDER (the fees are not part of the outstanding amount either). Please also note also that in the calculation there is no differentiation between the ordinary interest rate and the penalty interest rate. For instance, if the outstanding amount includes an excess amount (above the credit limit) and a penalty interest rate is charged on the excess amount, this is considered in the calculation of the weighted average interest rate; in other words, if a penalty is charged in the form of higher interest rates, this penalty is also reflected in the (weighted average) interest rate to be reported. If the penalty is applied in the form of fees or other non-interest components, it is not covered. 28 February 2017 AnaCredit Reporting Manual – Part II – Datasets and data attributes In the case of interest-free instruments, the interest is reported as “Non-applicable”. However, please note that an instrument with disagio is not considered an interest- free instrument. Regarding the interest rate for loans with step up/step down provisions whereby the interest rates are increased or decreased when the debtor’s credit rating is upgraded above or downgraded below certain levels, it is the actual interest rate (at the reference date) that is reported. In the case of a current account overdraft, calculating the interest rate may require weighting of the higher rate (charged when the debit balance exceeds the agreed credit limit) with the “normal” usage interest rate proportionally to the overdraft total debit balance, where the weighted average interest rate is the sum of the AAR/NDER multiplied by the corresponding amounts and divided by the sum of the corresponding amounts. Please note that penalties in the form of special fees are not included in the calculation of the AAR/NDER (for example, a loan of €110,000 is issued at a discount of €10,000 for a tenor of one year; the loan was repaid with a delay for which a penalty of €5,000 was charged so that eventually the debtor repaid €115,000; however, the penalty amount of €5,000 is not taken into account for the calculation of the NDER, which is estimated to be €10,000/€100,000 = 10%). Please also note, however, that any unpaid penalties and other fees are added to the outstanding nominal amount at a reporting reference date, and therefore are accounted for when calculating the outstanding weighted average interest rate (although they are not covered in the AAR/NDER which are thus averaged).

In diesem Datenfeld soll der annualisierte vereinbarte Jahreszinssatz oder der eng definierte Effektivzinssatz in Übereinstimmung mit der Verordnung (EU) Nr. 1072/2013 der Europäischen Zentralbank (EZB/2013/34) (im Folgenden: MIR-Verordnung) angegeben werden. In der MIR-Verordnung wird der annualisierte vereinbarte Jahreszinssatz (AVJ) definiert als der individuell zwischen dem Berichtspflichtigen und dem privaten Haushalt oder der nichtfinanziellen Kapitalgesellschaft vereinbarte, auf Jahresbasis umgerechnete und in Prozent pro Jahr angegebene Deutsche Bundesbank Statistik Richtlinien Januar 2026 6.94 Kreditdaten- statistik Zinssatz für eine Einlage oder einen Kredit. Der AVJ umfasst sämtliche Zinszahlungen auf Einlagen und Kredite, jedoch keine eventuell anfallenden sonstigen Kosten wie Kosten für Anfragen, Verwaltung, Erstellung von Dokumenten, Garantien und Kreditversicherungen. Ein Disagio – definiert als die Differenz zwischen dem Nominalwert des Kredits und dem Betrag, den der Kunde erhält – wird als eine Zinszahlung zu Vertragsbeginn (zum Zeitpunkt t0) betrachtet und spiegelt sich daher im AVJ wider. Wird in speziellen Fällen vertraglich kein Zinssatz oder ein Zinssatz von 0 festgelegt, und stattdessen ein Entgelt vereinbart, das als Vergütung/Entschädigung für die Kreditbereitstellung dient, so ist dieses Entgelt zur Berechnung des Zinssatzes heranzuziehen. Können hieraus sonstigen Kosten, wie oben benannt, nicht separiert werden, können auch diese in die Berechnung einbezogen werden. Der eng definierte Effektivzinssatz (narrowly defined effective rate – NDER) ist definiert als der Zinssatz, der auf Jahresbasis die Gleichheit zwischen den Gegenwartswerten der gesamten gegenwärtigen oder künftigen Verpflichtungen außer Kosten (Einlagen oder Kredite, Ein- oder Tilgungszahlungen, Zinszahlungen) herstellt, die zwischen den Berichtspflichtigen und dem privaten Haushalt oder der nichtfinanziellen Kapitalgesellschaft vereinbart wurden. Der eng definierte Effektivzinssatz entspricht der Zinskomponente des effektiven Jahreszinses im Sinne der Definition in Art. 3 Buchst. i der Richtlinie 2008/48/EG des Europäischen Parlaments und des Rates vom 23. April 2008 über Verbraucherkreditverträge und zur Aufhebung der Richtlinie 87/102/ EWG des Rates. Der eng definierte Effektivzinssatz basiert auf der Methode einer sukzessiven Annäherung und kann daher auf alle Arten von Einlagen und Krediten angewendet werden, während [… der AVJ] nur auf Einlagen und Kredite mit regelmäßiger Kapitalisierung von Zinszahlungen angewendet werden kann. Wenngleich sich beide Definitionen auf Kredite beziehen, die privaten Haushalten und nichtfinanziellen Kapitalgesellschaften gewährt werden, ist dieses Datenfeld unabhängig vom Sektor des Schuldners für alle Instrumente anzugeben. Nähere Informationen zur Methodik der Zinsberechnung finden sich in den Richtlinien zur MFI- Zinsstatistik. Es wird unterschieden zwischen Instrumenten, die am Meldestichtag einen positiven ausstehenden Betrag haben oder keinen ausstehenden Betrag haben. a) Instrumente mit einem positiven ausstehenden Betrag Im Einklang mit den Vorschriften für die MFI-Zinsstatistik ist der Zinssatz wie folgt zu ermitteln: – Wenn mehrere Zinssätze für ein Instrument zur Anwendung kommen, wird im Datenfeld Zinssatz der gewichtete durchschnittliche Zinssatz angegeben, unter Berücksichtigung der einzelnen zum Meldestichtag im Rahmen des Instruments ausstehenden Beträge. – Der gewichtete durchschnittliche Zinssatz ist die Summe der AVJ/NDERs, multipliziert mit den entsprechenden ausstehenden Beträgen, und geteilt durch den ausstehenden Gesamtbetrag. Insoweit werden nicht in Anspruch genommene Beträge bei der Ermittlung des gewichteten durchschnittlichen Zinssatzes nicht berücksichtigt. Deutsche Bundesbank Statistik Richtlinien Januar 2026 6.95 Kreditdaten- statistik So ist für Kreditkartenforderungen, bei denen der zum Meldestichtag gemeldete ausstehende Nominalwert ein unechter Kreditkartenkredit ist, der Zinssatz in Höhe von 0 % als „0“ zu melden; bei Kreditkartenforderungen, die zum Meldestichtag sowohl aus unechten als auch aus echten Kreditkartenkrediten bestehen, ist der gewichtete Durchschnitt der jeweils erhobenen Zinssätze zu melden. Analog dazu kann es bei der Berechnung des Zinssatzes für Überziehungskredite erforderlich sein, den höheren Zinssatz, der bei Anstieg des Sollsaldos über das vereinbarte Kreditlimit hinaus gilt, und den Zinssatz für „normale“ Überziehungen anteilig zur Gesamthöhe der Überziehung zu gewichten. b) Instrumente ohne ausstehenden Betrag Ein Zinssatz ist auch dann anzugeben, wenn am Meldestichtag im Rahmen des Instruments kein Betrag aussteht. Hat ein Instrument einen ausstehenden Betrag von null, so ist der (gewichtete durchschnittliche) Zinssatz anzugeben, der für den im Rahmen des Instruments höchstmöglichen ausstehenden Gesamtbetrag gelten würde (wobei hier das Kreditlimit, jedoch keine möglichen Überschreitungen desselben berücksichtigt werden). Bei der Berechnung wird nicht zwischen dem regulären Zinssatz und dem Strafzins unterschieden. Ist im ausstehenden Betrag beispielsweise ein das Kreditlimit übersteigender Betrag enthalten und wird darauf ein Strafzins erhoben, so geht dieser Zins auch in die Berechnung des gewichteten durchschnittlichen Zinssatzes ein. Wird die Strafzahlung jedoch in Form von Gebühren oder sonstigen zinsunabhängigen Komponenten erhoben, so fließt sie nicht in die Berechnung ein. Im Einklang mit den Vorschriften für die MFI-Zinsstatistik werden Strafzahlungen in Form von Sondergebühren bei der Berechnung des AVJ bzw. NDER nicht berücksichtigt (diese Gebühren sind auch nicht Teil des ausstehenden Betrags). Nicht geleistete Strafzahlungen und sonstige nicht gezahlte Gebühren werden jedoch dem am Meldestichtag ausstehenden Nominalwert hinzugerechnet und somit bei der Ermittlung des auf den ausstehenden Betrag bezogenen gewichteten durchschnittlichen Zinssatzes berücksichtigt. Für Kredite mit Zinserhöhungs- bzw. Zinssenkungsklauseln, durch die der Zinssatz angehoben bzw. gesenkt wird, wenn das Kreditrating des Schuldners über eine bestimmte Grenze herauf- bzw. unter eine bestimmte Grenze herabgestuft wird, ist der tatsächliche (am Meldestichtag geltende) Zinssatz zu melden. Bei Instrumenten, bei denen kein Zinssatz zur Anwendung kommt, ist im Datenfeld Zinssatz „nicht zutreffend“ anzugeben. Dies trifft grundsätzlich nur auf Forderungen aus Warenlieferungen und Dienstleistungen zu, bei denen als Schuldner der Schuldner der verkauften Forderung gemeldet wird (Factoring ohne Rückgriff), es sei denn die Berechnung von Verzugszinsen ist vertraglich möglich. Kreditkartenforderungen oder Instrumente, bei denen ein Disagio einbehalten wird, werden jedoch nicht als zinslose Instrumente angesehen. Insofern wird bei diesen immer ein Zinssatz (gegebenenfalls der Wert 0) erwartet. Für den Fall, dass für das Datenfeld aufgelaufene Zinsen ein anderer Wert als „nicht zutreffend“ gemeldet wird, muss das Datenfeld Zinssatz ebenfalls mit einem Wert abweichend von „nicht zutreffend“ gemeldet werden. Deutsche Bundesbank Statistik Richtlinien Januar 2026 6.96 Kreditdaten- statistik