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  • PD-4.2 PD-4.2 Disclosure to Commercial Customers of Base Rate of Interest on Overdrafts and Short-Term Loans

    • PD-4.2.1

      The content of this Section is applicable to all retail banks licensed by the CBB.

      Amended October 2010
      April 2008

    • PD-4.2.2

      The CBB requires all retail banks to display, by a conspicuous notice, their base rate of interest on BD overdrafts and short-term revolving facilities (see also Paragraph BC-4.3.14).

      Amended: July 2015
      Amended October 2010
      April 2008

    • PD-4.2.3

      Retail banks are left free to decide their own base rate and to make changes to it as they consider appropriate.

      April 2008

    • PD-4.2.4

      Retail banks must display a list of current charges including any standard charges and commissions that will be applied by the bank to individual services and transactions. See Section BC-4.3 for further details.

      Amended: July 2015
      April 2008