4 Pages

Court Funds Office deposit account

If a Part 36 payment is made but not accepted by the claimant within the time specified,18 the money paid into court will be automatically placed on deposit by the Court Funds Office (Court Funds Rules 1987 r 31(1)). On any later payment out of the money, unless the parties agree otherwise, interest accruing up to the date of acceptance will be paid to the defendant and interest accruing as from the date of acceptance until payment out will be paid to the claimant (PD 36, para 7.10).