Every year, the Ministry of Finance changes the standard amounts to be used when assessing creditworthiness on the Caribbean Netherlands islands. The changes are made in accordance with Section 2:5 of the Financial Markets BES Islands Regulation. The changes will come into effect on 1 April 2015. As from 1 April 2015, there will also be an adjustment to one of the parameters for the calculation model. The 5% criterion (5% of the standard amount) will increase to 6%, resulting in an increase in the maximum amount of credit that can be granted.
View the modified amounts and modified model:
Furthermore, the Minister of Finance has set the maximum fee for granting credit at 23% as from 1 April 2015.