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C. Activity-Specific Disclosures

1.Interest payments to clients. VASPs providing Lending and Borrowing Services shall, at a minimum, clearly disclose the following in relation to Virtual Assets they borrow from clients—
 
 a.the denomination of interest payments (e.g. the type of Virtual Assets) and whether the client has an option to select such denomination and modify the selection at any time;
 b.the amount and nature (e.g. whether it is a fixed rate or a variable rate) of interest offered to clients in the form of annual percentage yield denominated in the type of borrowed Virtual Asset;
 c.whether the amount of interest disclosed in Rule I.C.1 of this Lending and Borrowing Services Rulebook is an estimation and if so, provide a description of how such estimation is made by the VASP;
 d.the frequency at which interest accrues and is credited to client accounts; and
 e.whether interest is accrued on a simple or compound basis and, if the VASP adopts a tiered approach which offers compound interest for a maximum value of Virtual Assets, the details of such tiered approach.