Definition
Indirect remuneration obtained by financial institutions in deposit and loan operations conducted with their clients.
Further information
When a user of financial institutions makes a deposit (or takes out a loan), they receive (or pay) an amount of interest. In the case of loans, part of that interest is intended to pay for financial intermediation services; in the case of deposits, the interest they receive is reduced by the amount corresponding to the payment for these services. Since the portion that constitutes payment for services is not explicit, a model is legally established to indirectly measure these services, using a reference rate that will serve to "allocate" this interest between what is truly interest and what is the payment for an intermediation service.
Update date: January 2025
