BC-4.2.14
Past version: Effective from 01 Oct 2012 to 31 Mar 2014
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In addition to the requirements under Paragraph BC-4.2.9, retail banks must publicly disclose by
(a) For credit cards, the monthly and the annual rate of profit plus other fees and charges;
(b) For overdrafts, the annual rate of profit plus other fees and charges;
(c) For floating-rate credit agreements, the profit rate clearly defined on the basis of the relevant base rate , the periods during which this rate would apply, as well as information on key factors that could affect the total cost of the credit agreement; and
(d) For instances where the customer exceeds contractual credit lines, the terms and any relevant charges.
Added: October 2012