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=S=> BGB 247*). 1 The basic rate of interest is 3.62%.** ) It changes on 1 January and 1 July each year by the percentage points by which the reference rate has risen or fallen since the last change in the basic rate of interest . The reference rate is the rate of interest for the most recent main refinancing operation of the European Central Bank before the first calendar day of the relevant six-month period .
=S=> BGB 247*). 2 The Deutsche Bundesbank announces the effective basic rate of interest in the Federal Gazette without undue delay after the dates referred to in subsection ( 1 ) sentence 2 above . ** )
=S=> BGB 247*).* ) Official note : This provision serves to implement Article 3 of Directive 2000/35/EC of the European Parliament and of the Council of 29 June 2000 on combating late payment in commercial transactions ( OJ L 200 , p . 35 ) .
=S=> BGB 247*).** ) Since the following dates the basic rate of interest has been 1. 1:2002 2. 57% ( public notice of 2001-12-28 , Fed . Gazette 2002 no . 3 p . 98 ) ; 1. 7:2002 2. 47% ( public notice of 2002-6-25 , Fed . Gazette no . 118 p . 14537 ) ; 1. 1:2003 1. 97% ( public notice of 2002-12-30 , Fed . Gazette 2003 no . 2 p . 76 ) ; 1. 7:2003 1. 22% ( public notice of 2003-6-24 , Fed . Gazette no . 117 p . 13744 ) ; 1. 1:2004 1. 14% ( public notice of 2003-12-30 , Fed . Gazette 2004 no . 2 p . 69 ) ; 1. 7:2004 1. 13% ( public notice of 2004-7-3 , Fed . Gazette no . 122 p . 14246 ) ; 1. 1:2005 1. 21% ( public notice of 2004-12-30 , Fed . Gazette 2005 no . 1 p . 6 ) ; 1. 7:2005 1. 17% ( public notice of 2005-6-28 , Fed . Gazette no . 122 p . 10042 ) ; 1. 1:2006 1. 37% ( public notice of 2005-12-29 , Fed . Gazette 2006 no . 1 p . 2 ) ; 1. 7:2006 1. 95% ( public notice of 2006-6-27 , Fed . Gazette no . 119 p . 4754 ) ; 1. 1:2007 2. 70% ( public notice of 2006-12-28 , Fed . Gazette no . 245 p . 7463 ) .
=S=> BGB 247*).*** ) Since the following dates the basic rate of interest has been 1. 1:2002 2. 57% ( public notice of 2001-12-28 , Fed . Gazette 2002 no . 3 p . 98 ) ; 1. 7:2002 2. 47% ( public notice of 2002-6-25 , Fed . Gazette no . 118 p . 14537 ) ; 1. 1:2003 1. 97% ( public notice of 2002-12-30 , Fed . Gazette 2003 no . 2 p . 76 ) ; 1. 7:2003 1. 22% ( public notice of 2003-6-24 , Fed . Gazette no . 117 p . 13744 ) ; 1. 1:2004 1. 14% ( public notice of 2003-12-30 , Fed . Gazette 2004 no . 2 p . 69 ) ; 1. 7:2004 1. 13% ( public notice of 2004-7-3 , Fed . Gazette no . 122 p . 14246 ) ; 1. 1:2005 1. 21% ( public notice of 2004-12-30 , Fed . Gazette 2005 no . 1 p . 6 ) ; 1. 7:2005 1. 17% ( public notice of 2005-6-28 , Fed . Gazette no . 122 p . 10042 ) ; 1. 1:2006 1. 37% ( public notice of 2005-12-29 , Fed . Gazette 2006 no . 1 p . 2 ) ; 1. 7:2006 1. 95% ( public notice of 2006-6-27 , Fed . Gazette no . 119 p . 4754 ) ; 1. 1:2007 2. 70% ( public notice of 2006-12-28 , Fed . Gazette no . 245 p . 7463 ) .
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