Abstract

The article analyses selected aspects of spreads in indexed and denominated loans. A spread may be depicted as an element of the conversion clause of a loan despite the fact that the currency exchange rate as such will be set in a non-discretional manner by a bank, e.g. by reference to the average rate of exchange of the Central Bank (the average Central Bank rate-5% for drawing a loan and the average Central Bank rate+5% for repayment of a loan, where 5%, or actually even 10%, is the spread). The article’s thesis is that the possible abusiveness of the conversion clause is unrelated to the existence (reservation) of a spread.