Example calculation legally stipulated interest
The legally stipulated interest is calculated using interest rate factors. The starting date (moment of expropriation), disbursement date (moment of actual disbursement), legally stipulated interest rate, compound interest (Compounding) and day count convention (Day Count) are important here. An example calculation is provided below.
- Starting date: 1-2-2013
- Disbursement date: 30-10-2023
- Compound interest
- Day count convention: Actual/365
- Initial claim: EUR 100*
- Compensation to be paid out on 30-10-2023: EUR 128,94
|
Accrued claim amount |
Start date period |
End date period |
Legally stipulated interest rate |
Interest amount period |
Total amount of legally stipulated interest |
Compensation to be paid out |
|
100,000 |
1-2-2013 |
1-2-2014 |
3% |
3,000 |
3,000 |
103,000 |
|
103,000 |
1-2-2014 |
1-1-2015 |
3% |
2,828 |
5,828 |
105,828 |
|
103,000 |
1-1-2015 |
1-2-2015 |
2% |
0,175 |
6,003 |
106,003 |
|
106,003 |
1-2-2015 |
1-2-2016 |
2% |
2,120 |
8,123 |
108,123 |
|
108,123 |
1-2-2016 |
1-2-2017 |
2% |
2,168 |
10,291 |
110,291 |
|
110,291 |
1-2-2017 |
1-2-2018 |
2% |
2,206 |
12,497 |
112,497 |
|
112,497 |
1-2-2018 |
1-2-2019 |
2% |
2,250 |
14,747 |
114,747 |
|
114,747 |
1-2-2019 |
1-2-2020 |
2% |
2,295 |
17,042 |
117,042 |
|
117,042 |
1-2-2020 |
1-2-2021 |
2% |
2,347 |
19,389 |
119,389 |
|
119,389 |
1-2-2021 |
1-2-2022 |
2% |
2,388 |
21,777 |
121,777 |
|
121,777 |
1-2-2022 |
1-1-2023 |
2% |
2,229 |
24,005 |
124,005 |
|
121,777 |
1-1-2023 |
1-2-2023 |
4% |
0,414 |
24,419 |
124,419 |
|
124,419 |
1-2-2023 |
1-7-2023 |
4% |
2,045 |
26,464 |
126,464 |
|
124,419 |
1-7-2023 |
30-10-2023 |
6% |
2,475 |
28,939 |
128,939 |
* The initial claim is calculated by multiplying the total nominal value in a bond by the percentage compensation as shown on this website (link). Example: You have 1 bond with ISIN: XS0310904155, the nominal value of this bond is EUR 1000 and the percentage compensation is Amount of compensation / Outstanding nominal amount as at 1 February 2013. In this example, the initial claim is: 1 x 1.000 x 168.900.000 / 250.000.000 = EUR 675,6.