
Technical Data Savings Certificates Series D
Series D created by Executive Order No. 17-B/2015, of January 30, with subscriptions having been closed by Order 329-A/2017 of October 27
Characterization
Term
10 years, from the respective value date of each subscription
Interest rate
Determined monthly on the penultimate business day of the month, to be in force for
E3+1% where E3 is the average of the three-month Euribor values observed in the previous ten business days, with the result rounded to three decimal places. The application of the aforementioned formula may not result in a base rate higher than 3.5% or lower than 0%.
Interest accrual period
Each subscription will accrue interest on a quarterly basis. Interest accrues on the day of the month corresponding to the subscription value date. If there is no such day in the month of expiry, interest accrues on the first day of the following month.
Retention bonus in percentage points
The retention bonuses indicated below will be added to the base rate:
- 0.5% - from the start of the 2nd year to the end of the 5th year;
- 1.0% - from the start of the 6th year to the end of the 10th year.
Capitalization
Automatic capitalization of accrued interest (net of IRS).
Refund
Capital and capitalized interest on the 10th anniversary of the subscription value date. The amounts will be credited to the account (when subscribing for the first time, it is mandatory to indicate the IBAN).
Early redemption
Total or partial, from the date on which the first subscription interest payment occurs. Redemption results in the reimbursement of the nominal value of the units redeemed and the value of the interest capitalized up to the redemption date.
Transmission/Prescription
Savings Certificates of series D expire in favor of the FRDP within 10 years from the date of their respective maturity, under the terms of Law n.º 7/98, of February 3rd.
Ownership and Transactions
Ownership
Only individuals can be holders.
Savings Account
Each individual can only be the holder of one Savings Account and each Account is associated with an IBAN.
Mover
For each subscription, a mover may be designated, who will be empowered to redeem, in whole or in part, the units of that subscription upon presentation of the physical titles.
Capital Guarantee
Guarantee of the total invested capital.