(1) Subject to Regulation 10, in good time before a consumer becomes bound by a credit agreement, or an offer concerning a credit agreement, of a kind referred to in paragraph (2) or (4) of Regulation 3, the creditor concerned and any credit intermediary involved shall provide the consumer with the information needed to compare different offers in order to take an informed decision on whether to conclude the credit agreement. That information (in these Regulations called the "European Consumer Credit Information") is -
(a) the type of credit,
(b) the name and geographical address of the creditor and the name and geographical address of any credit intermediary involved,
(c) the total amount of credit,
(d) the duration of the credit agreement,
(e) the following information in relation to borrowing rates and charges:
(i) the borrowing rate;
(ii) the conditions governing the application of the borrowing rate;
(iii) any index or reference rate applicable to the initial borrowing rate;
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