Modification of the General Terms and Conditions for real products from 1.6.2023

Dear Clients,

We would like to inform you that as of 1 June 2023, new General Terms and Conditions for real products (IZP, DIZP, PDIZP, IP and IPI) will come into force. The modification of the GTC, as previously mentioned, consists in setting the amount of the minimum secured yield (MZV), which is part of the future purchase price specified in the future purchase contract. Until now, the amount of the MFA has been set as fixed (e.g. 12% p.a.). From 1 June 2023, the amount of the MFA will be set as a floating rate depending on the level of the base reference rate. The basic reference rate corresponds to the discount rate announced by the CNB (currently 6% p.a.). Construction of the total amount of the MFA = basic reference rate + risk premium (e.g. 6% p.a. + 4% p.a.). The total amount of the IRR will be determined on the date of signing the General Terms and Conditions and will be valid for the entire duration of the investment.

The full text of the GTC can be found at: https://agrarnipudnifond.cz/en/produkt/

These terms and conditions will reflect real macroeconomic developments and monetary conditions in the Czech Republic.

We thank you for your past goodwill and trust.