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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

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conversion factor

48(in accordance with Article 4(28) of the Banking Consolidation Directive (Definitions)) the ratio of the currently undrawn amount of a commitment that will be drawn and outstanding at default to the currently undrawn amount of the commitment; the extent of the commitment is determined by the advised limit, unless the unadvised limit is higher.