Terms | 10 years, as from the respective value of each subscription
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Interest rate | Calculated on a monthly basis on the second-last business day of the month, to be in force during the month ensuing, according to the formula
E3+1% where E3 is the average amount of three months Euribor recorded over the previous ten business days, rounded off the third decimal point. From the formula abovecannot result an interest basis tax superior to 3.5% neither inferior to 0%.
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Interest period | Each subscription will accrue interest on a quartely basis. The interest becomes due on the day of the month equal to the subscription's value date. Should this day not exist in the maturity month, the interest will become due on the first day of the subsquent month
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Holding premium in percentage points | The premiums shown below accrue at the rate base: - 0.5% - from the second year (beginning) to the fifth year (ending); - 1.0% - from the sixth year (beginning) to the tenth year (ending). |
Capitalisation | Automatic capitalisation of the accrued interest (net of income tax).
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Reimbursement | Of capital and capitalised interest on the 10th anniversary of the subscription's settlement date. The amounts will be credited in an IBAN account, which must be indicated when taking out the 1st subscription
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Early redemption | Total or partial, as from the date on which the subscription's first interest paymnent become due. The redemption establishes the repayment of the nominal amount of the units redeemed and of the amount of the interest capitalised up until the redemption date.
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Transfer/Prescription | D Series Savings Certificates expire in favor of the FRDP within a period of 10 years from the respective maturity date, under the terms of Law No. 7/98, of 3 February.
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