Division 1 Selection of financial intermediaries

Following a call for expressions of interest, financial intermediaries shall be selected in conformity with best market practice, having regard to, inter alia:

1. (a)

   the volume of financing to be made available to students;

2. (b)

   the most favourable possible terms offered to students, subject to compliance with the minimum standards of lending as set out in paragraph 2;

3. (c)

   access to finance by all residents of Programme countries as referred to in Article 24(1);

4. (d)

   fraud prevention measures; and

5. (e)

   adherence to Directive 2008/48/EC of the European Parliament and of the Council^f1.