Article 14
Factors to ensure fair and appropriate pricing of loans
1. When determining the price for a loan they facilitate, crowdfunding service providers shall take into account all of the following factors:
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(a) |
the risk profile of the project owner or crowdfunding project, as determined in the risk categories referred to in Article 19; |
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(b) |
the net present value of the loan; |
|
(c) |
the prevailing market conditions at the point of loan origination and during the lifetime of the loan; |
|
(d) |
their business strategy. |
2. When calculating the net present value referred in paragraph 1, point (b), crowdfunding service providers shall consider all of the following factors:
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(a) |
the principal amount of the loan; |
|
(b) |
the maturity of the loan; |
|
(c) |
the frequency of instalments of the loan; |
|
(d) |
an appropriate interest rate to discount future repayments. |