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. |