automatic interest rate option

Defined in Article 1, Commission Delegated Regulation (EU) 2024/857

Definitions over time (2)

1. 17/07/2025 – today applies on 11/11/2026 Article 1, Commission Delegated Regulation (EU) 2024/857 Scope: Whole act

   For the purposes of this Regulation, the following definitions apply:

   ‘automatic interest rate option’ means an explicit or implicit option as referred to in Article 325e(2), second subparagraph, of Regulation (EU) No 575/2013 of the European Parliament and of the Council (^{2}), including an option under which the institution is likely to provide its counterparty with a pay-out irrespective of a contractual obligation, that complies with all of the following: the pay-out of the option is interest rate sensitive; the exercise of the option is purely driven by the monetary incentives of the option holder;

2. 24/04/2024 – 14/05/2024 Article 1, Commission Delegated Regulation (EU) 2024/857 Scope: Whole act

   For the purposes of this Regulation, the following definitions apply:

   ‘automatic interest rate option’ means an explicit or implicit option as referred to in Article 325e(2), second subparagraph, of Regulation (EU) No 575/2013 of the European Parliament and of the Council (^{2}), including an option under which the institution is likely to provide its counterparty with a pay-out irrespective of a contractual obligation, that complies with all of the following: the pay-out of the option is interest rate sensitive; the exercise of the option is purely driven by the monetary incentives of the option holder;

Used in (12 places in 8 provisions on 11/11/2026)

Commission Delegated Regulation (EU) 2024/857 (12 in 8)

Article 1 · Article 5 · Article 13⁴ · Article 15² · Article 16 · Article 17 · Article 23 · Article 24