What is a basic fee?

What is a basic fee?

Tec rate

Banco Nacional offers its clients the possibility of using both rates in its credit operations in dollars. Likewise, in colones it has introduced the 6-month TRI Rate as an additional option to the Basic Passive Rate”.

For more information on the TRI rates you can visit the website of the Chamber of Banks and Financial Institutions of Costa Rica at the following link http://camaradebancos.fi.cr/generalidades-y-metodologia-de-calculo/.

The banks provide the data to an external entity, PIPCA (Proveedor Integral de Precios de Centroamérica), which is a specialized, independent entity, locally regulated by Sugeval, under information security standards, which makes it reliable. This external entity, PIPCA, calculates the rate weekly (every Wednesday), that is, periodically, which facilitates the functioning of the market. The rate is published by the Chamber of Banks on its website, with the security of data transparency and is also available on the websites of the Central Bank of Costa Rica, PIPCA and the international financial and transactional information platform Bloomberg.

Lending rate formula

Banco Nacional offers its customers the possibility of using both rates in its credit operations in dollars. Likewise, in colones it has introduced the 6-month TRI Rate as an additional option to the Basic Passive Rate”.

For more information on the TRI rates you can visit the website of the Chamber of Banks and Financial Institutions of Costa Rica at the following link http://camaradebancos.fi.cr/generalidades-y-metodologia-de-calculo/.

The banks provide the data to an external entity, PIPCA (Proveedor Integral de Precios de Centroamérica), which is a specialized, independent entity, locally regulated by Sugeval, under information security standards, which makes it reliable. This external entity, PIPCA, calculates the rate weekly (every Wednesday), that is, periodically, which facilitates the functioning of the market. The rate is published by the Chamber of Banks on its website, with the security of data transparency and is also available on the websites of the Central Bank of Costa Rica, PIPCA and the international financial and transactional information platform Bloomberg.

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International reference rates

The Basic Lending Rate (TBP) continues at almost its lowest levels since 1978, reaching 3.20%; but what does this imply? To put this in context, this indicator is a weighted average of the gross deposit interest rates in colones, negotiated by the financial intermediaries resident in the country, and the interest rates of the deposit instruments of the Central Bank and the Ministry of Finance negotiated in the primary market. The result is used by the banks to fix the amounts they charge for the loans they place and to fix the interest they pay on savings, which is why the fact that it is kept low benefits those who have or apply for loans, because if it is linked to the PBS, they will pay less in their installments.

Prime rates

In addition to paying a lower rate, the participation of this sector, which pays the highest rates, even more than finance companies and private banks, decreased from 67.8% of the movement to 64.5%.

Despite the downward movement, we maintain our position that short-term interest rates will continue to be under pressure and that downward movements will be transitory until the Treasury does not have financing from abroad in its coffers.

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