In order to ensure a level-playing field for export financing of the countries at an international level and to exclude that international advantage is taken of the relative wealth of countries, the OECD set its own minimum interest rates, the CIRRs (Commercial Interest Reference Rate). The interest rate serves as a reference value for countries that are participants to the Arrangement when determining the pricing of their export credit transactions subject to the OECD Arrangement. CIRR equalises the financial conditions between the participants to the Arrangement in the foreign markets in order to encourage competition among exporters based on their goods exported rather than on the most favourable officially supported financial terms and conditions. The applicable CIRR rates are made publicly available by the OECD Secretariat on the 15th day of each month. The interest rate varies depending on the particular currency and the length of the repayment period. It is important to emphasise that it is not the final interest rate of the financing support as this minimum rate is adjusted (increased) by the buyer risk credit enhancement determined by consensus in the OECD. The final financing cost of the transaction can be determined following the adjustment. The relevant CIRRs are available on the website of EXIM according to the different repayment periods, both in euros and dollars.