Division II Additional assumptions for the calculation of the APRC

United Kingdom

1. (a)Division (a)
2. (b)Division (b)
3. (c)Division (c)
4. (d)Division (d)
5. (e)Division (e)
6. (f)Division (f)
7. (g)In the case of credit agreements other than overdrafts, bridging loans, shared equity credit agreements, contingent liabilities or guarantees and open-ended credit agreements as referred to in the assumptions set out in points (i), (j), (k), (l) and (m):
8. (h)Where the date or amount of a payment to be made by the consumer cannot be ascertained on the basis of the credit agreement or the assumptions set out in points (g), (i), (j), (k), (l) and (m) it shall be assumed that the payment is made in accordance with the dates and conditions required by the creditor and, when these are unknown:
9. (i)Division (i)
10. (j)Division (j)
11. (k)In the case of an open ended credit agreement, other than an overdraft facility and bridging loan, it shall be assumed that:
12. (l)In the case of contingent liabilities or guarantees, the total amount of credit shall be deemed to be drawn down in full as a single amount at the earlier of:
13. (m)In the case of shared equity credit agreements: