Resolution of June 28, 2013 by the Secretary General of the Treasury and Financial Policy updating financial prudence limits for autonomous community debt under the ICO-CCAA 2012 line and Autonomous Liquidity Fund

OFFICIAL STATE GAZETTE
No. 157 Tuesday, July 2, 2013 Sec. I. Page 49464
I. GENERAL PROVISIONS
MINISTRY OF ECONOMY AND COMPETITIVENESS
7171 Resolution of June 28, 2013, by the Secretary General of the Treasury and Financial Policy, updating the annex included in the March 4, 2013 resolution defining the financial prudence principle applicable to debt operations of common-regime autonomous communities and cities with autonomous statute that opt for the ICO-CCAA 2012 direct financing line and the Autonomous Liquidity Fund.

The Resolution of March 4, 2013, by the Secretary General of the Treasury and Financial Policy, defining the financial prudence principle applicable to debt operations of common-regime autonomous communities and cities with autonomous statute that opt for the ICO-CCAA 2012 direct financing line and the Autonomous Liquidity Fund, establishes in its third article that "the maximum total cost of debt operations, including commissions and other expenses, may not exceed the fixed rates or maximum spreads applicable, which shall be published monthly by Resolution of the Secretary General of the Treasury and Financial Policy. The published maximum costs shall remain in force until new costs are published."

In accordance with this obligation to monthly update the applicable maximum fixed rates or spreads, a new annex is published that will replace the annex included in the Resolution of March 4, 2013, and the last update published in the Resolution of June 5 by the Secretary General of the Treasury and Financial Policy.

Madrid, June 28, 2013.–The Secretary General of the Treasury and Financial Policy, Íñigo Fernández de Mesa.

ANNEX
Maximum spreads applicable for the month of July for the purposes of compliance with paragraph three of the Resolution of March 4, 2013, by the Secretary General of the Treasury and Financial Policy

Average life of the operation – Months	Maximum fixed rate	Maximum spread over 12-month EURIBOR	Maximum spread over 6-month EURIBOR	Maximum spread over 3-month EURIBOR	Maximum spread over 1-month EURIBOR
1	3.00	297
2	3.24	316
3	3.34	315	326
4	3.38	317	328
5	3.42	320	331
6	3.49	316	327	338
7	3.64	329	340	351
8	3.77	341	352	363
9	3.88	351	362	373
10	3.97	357	368	379
11	3.99	358	369	380
12	4.06	351	362	374	385
13	4.16	363	374	386	397
14	4.22	368	379	390	401
15	4.28	372	383	395	406
16	4.34	376	388	399	410
17	4.40	381	392	404	415
18	4.46	386	397	408	419
19	4.52	391	402	413	424
20	4.60	397	408	419	430
21	4.69	403	414	425	436
≥ 22	4.75	410	421	432	443

cve: BOE-A-2013-7171

OFFICIAL STATE GAZETTE
No. 157 Tuesday, July 2, 2013 Sec. I. Page 49465 cve: BOE-A-2013-7171 http://www.boe.es OFFICIAL STATE GAZETTE D. L.: M-1/1958 - ISSN: 0212-033X