Befähigungsprüfung Inkassoinstitute Practice Questions - Austria Befähigungsprüfung Für Das Reglementierte Gewerbe Der Inkassoinstitute Exam

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A commercial supplier delivers goods to a retailer under a bilateral B2B contract. The retailer defaults on payment. According to § 456 of the Austrian Commercial Code (UGB), what is the statutory default interest rate?

9.2 percentage points above the applicable base rate (Basiszinssatz) published by the Oesterreichische Nationalbank 4.0% fixed per annum regardless of changes in the European Central Bank policy rate 8.0 percentage points above the 12-month EURIBOR benchmark 12.0% fixed per annum plus statutory compound interest

Correct Answer:

9.2 percentage points above the applicable base rate (Basiszinssatz) published by the Oesterreichische Nationalbank

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