(1) A credit agreement shall be drawn up on paper or on another durable medium.
(2) All the parties to a credit agreement shall receive a copy of it.
(3) A credit agreement shall set out in a clear and concise manner -
(a) the type of credit,
(b) the names and geographical addresses of the contracting parties and of any credit intermediary involved,
(c) the duration of the credit agreement,
(d) the total amount of credit and the conditions governing the drawdown,
(e) in the cases of credit in the form of deferred payment for a specific good or service and of a linked credit agreement, the good or service concerned and its cash price,
(f) the following information in relation to borrowing rates and charges:
(i) the borrowing rate;
(ii) the conditions governing the application of that rate;
(iii) where available, any index or reference rate applicable to the initial borrowing rate;
(iv) the periods, conditions and procedures for changing the borrowing rate;
(v) if different borrowing rat
…