Negative Interest Rate
Published:
Dear Market Participants,
If you are using a dedicated bank account as security for your trades, you are aware that a negative interest rate applies for any amount over 500K EUR. Based on recent news items, it is expected that after summer the negative interest rate will further go down (i.e. go from -0,4 to for example -0,6) and consequently your costs for maintain your deposit on the business account might increase.
We remind that you could use bank guarantees as a security for your trades, as well so this could be an alternative to your cash deposits. If you wish to use a bank guarantee please contact the JAO helpdesk for further information.