The Swiss interest rate then fell harder than the bank had expected. On 28 January 2015 popped up even far below zero percent: minus 1.016 percent. Even after increase of the agreed storage of 0.7 percent the interest rate on the loan remained negative: minus 0.316 percent. The bank served the homes owner so basically to pay. However, the bank that went too far, she wrote in her letter about score hero of the interest rate: ‘ Steel Bankers uses a percentage rate of at least 0.0%. ‘
The borrowers were found to have read their mortgage contract. That made no exception for a negative interest rate. And so had to arrange themselves in a new role: Steel Bankers lending money and pay interest. The bank continued to refuse, which reached to the disputes score hero hack.
The disputes Committee swept the arguments of the reluctant bank resolutely by table
When the bank carried out complaints that the contract ‘ in no way suggests ‘ that the bank would compensate negative interest. Negative interest is also at odds with the banking system, “a reversal of the payment flows would disrupt the core function of the system ‘.
The disputes Committee swept the arguments of the reluctant bank firmly about score hero . Negative interest is more common, argued the Commission. And the bank certainly knew that the relevant agreement a “strong speculative character ‘ had. That was true for the agreed interest rate risk, but also for foreign-exchange risk.
The bank must now pay the arrears within four weeks. And the legal help too.