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Division Part B: New commitments for revolving cr - Financial Sector (Collection of Data) (reporting standard) determination No. 31 of 2016 - RRS 391.0 - Commercial Finance - Part B: New commitments for revolving credit loans | Zoe

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Home/Legislation/Financial Sector (Collection of Data) (reporting standard) determination No. 31 of 2016 - RRS 391.0 - Commercial Finance/Part B: New commitments for revolving cr

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Financial Sector (Collection of Data) (reporting standard) determination No. 31 of 2016 - RRS 391.0 - Commercial Finance

Part B: New commitments for revolving crPart B: New commitments for revolving credit loans

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Part B: New commitments for revolving credit loans

Revolving credit facilities involve a commitment for a credit or borrowing limit and where the extent of the borrowings used at any one time may be for any amount up to the authorised limit. Repayments (other than of charges and interest) reduce the borrowings thereby increasing the amount of unused credit available. For example, overdrafts limits (mortgage backed overdrafts).

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