Subsection 4: Interest on arrears, flat-rate compensation and additional compensation for recovery costs

The rate of default interest referred to in Article L. 3133-13 is equal to the interest rate applied by the European Central Bank to its most recent main refinancing operations, in force on the first day of the half-year of the calendar year during which the default interest began to accrue, increased by eight percentage points.

Interest on arrears runs from the day following the expiry of the payment period or the due date stipulated in the concession contract, up to and including the date on which the principal is paid.

The amount of the fixed indemnity for collection costs is set at 40 euros.

Interest on arrears and the fixed indemnity for recovery costs shall be paid within forty-five days of payment of the principal.