Ms. Andrea Cotroneo at the Finance Committee

On May 14th, 2009. See this statement in context.

May 14th, 2009 / 4:20 p.m.

Vice-President and Canada Region Counsel, MasterCard Canada

Mr. Chair, I'll take that question.

I'll talk to you about effective rates. There are three types of products, as Mr. Stanton mentioned. For a standard consumer product, the effective rate is 1.54%. For a premium consumer product, the effective rate is 1.88%. For a corporate product, the effective rate is 2% flat.

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