Conventional maximum rate is applicable to transactions denominated and payable in foreign currency

The Financial Market Commission (CMF), by means of Exempt Resolution No. 9.077 dated 30 November 2023, agreed to adjust the interest rate categories applicable to money lending transactions “expressed in” foreign currency published by the CMF, including those transactions “in” foreign currency. Thus, the conventional interest cap will also apply to foreign currency transactions, i.e. those transactions denominated and payable in foreign currency.

Check the document prepared by our Financing and Infrastructure team on the main implications of the Resolution here.