Article 24
Variable rate credits
Where the credit agreement is a variable rate credit, Member States shall ensure that:
                     (a) 
                  
                  any indexes or reference rates used to calculate the borrowing rate are clear, accessible, objective and verifiable by the parties to the credit agreement and the competent authorities; and
                     (b) 
                  
                  historical records of indexes for calculating the borrowing rates are maintained either by the providers of these indexes or the creditors.