1. An overdraft facility for 150,000 with interest charged at 2 per cent above base rate. At...
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1. An overdraft facility for £150,000 with interest charged at 2 per cent above base rate. At the end of the year the bank will also charge an arrangement or set-up fee of 0.5 per cent of the total requirement and a commitment fee of 0.25 per cent per year on any unused balance. Interest charges will be computed on a daily basis.
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