Bank of Spain Resolution of 3 November 2026 publishing the reference indices and rates for calculating market value in interest rate risk compensation on mortgage loans and the spread applicable to loans or credits repaid early
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Bank of Spain Resolution of 3 November 2026 (Official State Gazette of 12 November) publishing, with October 2026 data, the reference indices and rates (interest rate swaps, IRS) used to calculate market value in interest rate risk compensation on mortgage loans and the rate needed to calculate the spread on early repayment of loans or credits.
Key points
- Routine monthly publication; the definition and calculation of the indices follow Bank of Spain Circular 5/2012.
Who is affected
Credit institutions and mortgage borrowers who repay fixed-rate loans, or loans with fixed-rate tranches, early.
Plain-language version
Every month the Bank of Spain publishes some reference interest rates. They are used to work out how much the bank can charge, or the customer can gain, when someone pays off a fixed-rate mortgage or loan early. It is a routine step: this time with October 2026 data.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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