The fines calculating need to divided bet size by 100

To determine the amount of fines to be raised from the supplier, it is necessary to multiply the value of not fulfilling his obligations at stake. It is calculated on the basis of the refinancing rate, measured as a percentage, that’s why it must therefore be divided by 100.

We will remind, according to the rules when calculating the penalty interest rate is determined by the formula S=x DP SCB (SCB - the refinancing rate taking into account the coefficient K, DP - number of days of delay). Given the clarification from the Ministry, we believe that in order to not make a mistake when calculating the rate, you must use the formula C= SCB : 100 x DP.