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  2. Point in time
    2024-11-02

foreign currency loan

81an MCD credit agreement where the credit is:

  1. (a) denominated in a currency other than that in which the consumer receives the income or holds the assets from which the credit is to be repaid; or
  2. (b) denominated in a currency other than sterling125.

[Note: article 4(28) of the MCD]