Changes will enter into force on June 1, 2019 in the private loan product terms and conditions. Pursuant to Regulation (EU) 2016/1011 of the European Parliament and of the Council, we will amend the clause ‘Interest rates’ of the private loan product terms and conditions. The amendment will regulate the replacement of the base interest rate (benchmark) and the rights and obligations of the parties in case

• the base interest rate is not available,
• its publication has been suspended or is about to be terminated,
• the base interest rate may not be used,
• the methodology for calculating it has changed significantly, or
• the base rate is not applicable due to other circumstances beyond the control of the bank.

This amendment only concerns loan agreements with an unfixed interest rate.

The amended private loan product terms and conditions are available at www.seb.ee/eng/terms-and-conditions and all branches of SEB.