PD-4.3 PD-4.3 Disclosure of charges on short-term financing facilities
PD-4.3.1
The content of this section is applicable to all FCBs licensed by the Agency.
PD-4.3.2
The Agency requires all FCBs to display, by a conspicuous notice, their scale of charges on BD short-term revolving facilities to commercial customers.
PD-4.3.3
'Conspicuous notice' means a written statement in both Arabic and English languages which is easily visible and legible and is displayed in all FCB premises open to the public.
PD-4.3.4
FCBs are left free to decide their own basis of charging and to make changes to it as they consider appropriate.
PD-4.3.5
FCBs 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-4.2 for further details.
