base rates (in %) applicable on fixed term loans.

The rates shown below form the basis of the interest rates payable on fixed term advances (loans). These rates are indicative1 and do not include the margin, or “spread”, which is separately agreed with borrowers.

The rates are refreshed daily2 based on the movement of their two underlying components: (i) the Overnight Index Swap rate for the currency and period, and (ii) the calculated funding cost3.

For rates on current account overdrafts4, currencies / periods not shown below, or any other questions, please contact your Lombard Odier Relationship Manager.

1 month 0.0000 0.0000 0.8200 0.2920 2.2530
2 months 0.0000 0.0000 0.8590 0.2830 2.3006
3 months 0.0000 0.0000 0.9000 0.2500 2.3197
4 months 0.0000 0.0000 0.8927 0.2509 2.3358
5 months 0.0000 0.0000 0.8875 0.2426 2.3037
6 months 0.0000 0.0000 0.9342 0.2386 2.2837
7 months 0.0000 0.0000 0.9320 0.2346 2.2633
8 months 0.0000 0.0000 0.9797 0.2317 2.2928
9 months 0.0000 0.0000 0.9785 0.2295 2.2724
10 months 0.0000 0.0000 0.9792 0.2272 2.2580
11 months 0.0000 0.0000 0.9810 0.2280 2.2437
12 months 0.0000 0.0000 1.0467 0.2277 2.2293
Date: 20/09/2019

1These rates are published as a reference for information to clients of Lombard Odier Group entities in the context of fixed advances (loans) drawn or to be drawn under credit agreements. The publication of these rates cannot be considered as a proposal to lend.

2Lombard Odier makes its best efforts to update these rates every Swiss business day and information contained herein is based on sources considered to be reliable. Nevertheless, all information and calculations indicated herein may change without notice. For further information please contact your Lombard Odier relationship manager.

3Rates cannot be negative.

4Rates for current account overdrafts and those applicable in an event of default are significantly higher than those published above.

The maturity date of a fixed loan is defined as follows: If the maturity date of a loan falls on a weekend or on a bank holiday then the contractual maturity date will be the next business day. An exception occurs when the next business day falls in the following month. In such case, the maturity date will be the previous business day, corresponding to the last business day of the month.