The Consumer Credit (Total Charge for Credit) Regulations 2010 (revoked) No. 1011

SCHEDULE U.K. Calculation of the Annual Percentage Rate of Charge

1.  The annual percentage rate of charge (“APR”) is calculated by means of the equation in paragraph 2 which equates, on an annual basis, the total present value of drawdowns with the total present value of repayments and payments of charges. U.K.