6. Except where a minimum amount of interest is payable under the deposit contract, no interest is payable in relation to a deposit if

• (a) the index or reference point specified in the contract has not come into existence by the interest termination date and the contract fails to provide for the substitution of an alternative index or reference point; or

• (b) the index or reference point specified in the contract no longer exists on the interest termination date, the contract fails to provide for the substitution of an alternative index or reference point, and not all of the information necessary for the calculation of interest is available by that date.

7. In determining the interest accruing and payable in relation to a deposit, no account shall be taken of any provision of the deposit contract that provides, whether by way of penalty or otherwise, for a reduction in the amount of interest payable in the case of early withdrawal.

8. This By-law comes into force on the day on which it is registered.