1. Where undue payment is made the recipient shall be required to repay the allowance in accordance with Article 8 of Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (7), plus interest corresponding to the inter-bank interest rate plus 1 % applicable from the date of payment of the allowance until its recovery
2. To determine FISIM imports and exports, the reference rate used is the average interbank rate weighted by the levels of stocks in the headings 'loans between S122 and S123 on the one hand, and non-resident FIs on the other hand' and 'deposits between S122 and S123 on the one hand, and non-resident FIs on the other hand' which are included in the balance sheet of the financial intermediaries.
Good to know
interest payments on debt issues are frequently linked to an interbank rate
