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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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    2016-04-04

credit token

157a credit token is a card, check, voucher, coupon, stamp, form, booklet or other document or thing given161 to an individual by a person carrying on a credit-related regulated activity ("the provider"), who undertakes that:

  1. (a) on production of it (whether or not some other action is also required) the provider will supply cash, goods or services (or any of them) on credit; or
  2. (b) where, on the production of it to a third party (whether or not any other action is also required), the third party supplies cash, goods and services (or any of them), the provider will pay the third party for them (whether or not deducting any discount or commission), in return for payment to the provider by the individual and the provider shall, without prejudice to the definition of credit, be taken to provide credit drawn on whenever a third party supplies the individual with cash, goods or services; and

the use of an object to operate a machine provided by the person giving the object or a third party shall be treated as the production of the object to that person or third party.