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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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  1. Point in time
    2015-09-25

borrowing rate

58the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down.[Note: article 4(16) of the MCD and article 3(j) of the Consumer Credit Directive]