2014-06-10

Resolution of 29 May 2014 updating the annex to the Resolution of 12 February 2014 on financial prudence for autonomous community borrowing under ICO-CCAA 2012 and the Autonomous Liquidity Fund

The General Secretariat for the Treasury and Financial Policy issued this resolution to update the maximum borrowing cost limits for autonomous communities and cities with autonomous statutes accessing the ICO-CCAA 2012 direct financing line and the Autonomous Liquidity Fund. It replaces the previous annex with new maximum fixed rates and Euribor differentials applicable for May 2014, ensuring compliance with the financial prudence principle defined in the February 2014 resolution. These updated caps remain in force until new maximum costs are published in a subsequent resolution.

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OFFICIAL STATE BULLETIN

No. 140 Tuesday, 10 June 2014 Sec. I. Page 43979

I. GENERAL PROVISIONS

MINISTRY OF ECONOMY AND COMPETITIVENESS

6124 Resolution of 29 May 2014, of the General Secretariat for the Treasury and Financial Policy, updating the annex included in the Resolution of 12 February 2014, which defines the financial prudence principle applicable to borrowing operations of the autonomous communities of common regime and cities with statute of autonomy that opt for the direct financing line ICO-CCAA 2012 and the Autonomous Liquidity Fund.

The Resolution of 12 February 2014, of the General Secretariat for the Treasury and Financial Policy, which defines the financial prudence principle applicable to borrowing operations of the autonomous communities of common regime and cities with statute of autonomy that opt for the direct financing line ICO-CCAA 2012 and the Autonomous Liquidity Fund, establishes in its third article that "the total maximum cost of borrowing operations, including commissions and other expenses, shall not exceed the fixed rates or maximum differentials applicable, which shall be published monthly by Resolution of the General Secretariat for the Treasury and Financial Policy. The published maximum costs shall remain in force until new costs are published."

In accordance with this obligation to update monthly the maximum fixed rates or differentials applicable, a new annex is published which will replace the annex included in the Resolution of 28 April 2014.

Madrid, 29 May 2014.–The General Secretary for the Treasury and Financial Policy, Íñigo Fernández de Mesa Vargas.

ANNEX

Maximum differentials applicable for May 2014 for the purposes of compliance with paragraph three of the Resolution of 12 February 2014, of the General Secretariat for the Treasury and Financial Policy

Average life of the operation (months)Maximum fixed rateMaximum differential over 12-month EuriborMaximum differential over 6-month EuriborMaximum differential over 3-month EuriborMaximum differential over 1-month Euribor
11.66153
21.71154
31.70143153
41.71143154
51.77137150160
61.80140152163
71.83146159169
81.86151164174
91.91157170181
101.94160172183
111.97163175186
121.99146164177188
132.02150168181192
142.05154172185196
152.08156175187198
162.09157176188199
172.11158177189200
182.12160178190201
192.13161179191203
202.15163180193204
212.16164181194206
222.18166182195207
232.20167184197209
242.22169186199210
252.24171187200212
262.27173189202214
272.29174191204216
282.31176192205217
292.33177194207218
302.35178195208220
312.37180196210222
322.39181198211223
332.42183199213226
342.44185201215228
352.47187204217230
362.50189206219232
372.52191207221233
382.55192208222235
392.56192208222234
402.55190206219232
412.56190206220233
422.60193209223236
432.64195212225238
442.68198214228241
452.70200216230243
462.72200216230243
472.74201217231244
482.75201217231244
492.77202218231245
502.78202218232245
512.81203220233247
522.87208224237251
532.88208224238251
542.91209226239253
552.93210226240254
562.95211227241255
572.98212228242255
583.00213229243256
593.02214230244257
603.04214230244258
613.05214230243257
623.06213230243257
633.07214230243257
643.10214230244258
653.12215231245259
663.14216232246260
673.17217233247261
683.19218234248262
693.22219235249263
703.24220237250264
713.27222238251265
723.30223239252266
733.32224240253267
743.35225241255269
753.37226242256270
763.40227243257271
773.42228244258272
783.45230246259273
793.48231247260274
803.50232248261275
813.53233249262277
823.55234250263278
833.58235251264279
843.63239255268282
853.65240256269283
863.68242257271285
873.71243259272286
883.73244260273287
893.76245261274288
903.78247262276290
913.81248264277291
923.84249265278292
933.86250266279293
943.88251267280294
953.90252268281295
963.92253269282296
973.95254270283297
983.97255270284298
993.99256271285299
1004.01257272286300
1014.03258273287301
1024.06258274287301
1034.08259275288302
1044.10260276289303
1054.12261277290304
1064.13261277290304
1074.15262278291305
1084.17262278291305
1094.18263278292306
1104.20263279292306
1114.21264279293307
1124.23264280293307
1134.25264280293307
1144.26264280293307
1154.27264280293307
1164.27264279293307
1174.29264280293307
1184.30265280294308
1194.32265281294308
1204.34266282295309
1214.35266282295309
1224.36266282295309
1234.37266282295309
1244.39267282296310
1254.40267283296310
1264.41267283296310
1274.42267283296310
1284.43268283297311
1294.45268283297311
1304.46268284297311
1314.47268284297311
1324.48268284297311
1334.49269284298312
1344.50269284298312
1354.57272288301315
1364.58272288301315
1374.58272288301315
1384.59273288302316
1394.60273289302316
1404.61273289302316
1414.62274289303317
1424.63274290303317
1434.64274290303317
1444.65274290303317
1454.66275290304318
1464.67275291304318
1474.68275291304318
1484.69276291305319
1494.70276292305319
1504.71276292305319
1514.71277292306320
1524.72277293306320
1534.73277293306320
1544.74277293306320
≥1554.75

cve: BOE-A-2014-6124

http://www.boe.es OFFICIAL STATE BULLETIN D. L.: M-1/1958 - ISSN: 0212-033X