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Advertising which only indicates an annual percentage rate of charge is not consumer-friendly.
The annual percentage rate of charge is 10%.
The calculation of the new annual percentage rate of charge shall be based on Article 12 (3).
Most importantly, for the first time, the annual percentage rate of charges will be calculated in the same way across the European Union.
On the issue of the annual percentage rate of charge, we need an EU standard.
This information includes the annual percentage rate of charge or, failing that, the total amount that the consumer must pay for credit.
As the annual percentage rate of charge can at this stage be indicated only through an example, such example should be representative.
But it is undermined by the various formulae that are allowed for the annual percentage rate of charge for opening credit.
In particular, the Commission should be empowered to adopt additional assumptions for the calculation of the annual percentage rate of charge.
Where necessary, the additional assumptions set out in Annex I may be used in calculating the annual percentage rate of charge.
Besides the essential terms of the contract, an agreement must state the annual percentage rate of charge and the conditions under which it may be amended.
The uniform annual percentage rate of charges certainly represents unmitigated progress, as does the common uniform right of withdrawal.
Where credit terms are not available to the general public, the annual percentage rate of charge shall be stated by means of at least two representative examples.
The annual percentage rate of charge (APRC) shall be compiled for the following instrument categories.
Or. nl Justification Consumers can only understand an annual percentage rate of charge in the light of a number of basic components.
The annual percentage rate of charge and the total lending rate shall be calculated on the basis of the total commitment subscribed to by the consumer.
This definition serves as basis for the calculation of the Annual Percentage Rate of Charge (APR).
Definitions will be standardised EU-wide and will be used as a basis for calculating the annual percentage rate of charge (APR).
Many stumbled when faced with "annual percentage rate of charge" which they considered to be banking jargon that is opaque for those who are not initiated and therefore creates suspicion.
(Even in response to prompting, only one person in the entire sample said that this was an effective annual percentage rate of charge - and he was a bank manager.)
Despite the uniform mathematical formula for its calculation, the annual percentage rate of charge provided for in Directive 87/102/EEC is not yet fully comparable throughout the Community.
In the case of a credit agreement of the kind referred to in Article 2(3), Member States may decide that the annual percentage rate of charge need not be provided.
Provided the vast majority of respondents with essential information, particularly the "annual percentage rate of charge – APR", as well as warnings on late payments and the resulting penalties.
Annual Percentage Rate of Charge (APR) This is the total cost expressed as an annual percentage of the total amount of credit.
Chapter V Annual percentage rate of charge Article 19 Calculation of the annual percentage rate of charge 1.