Article 3
Elements to be included in the description of the method used to calculate prices of crowdfunding offers
1. The description of the method used to calculate the price for crowdfunding offers shall explain how all of the following elements of the loan are considered in the pricing strategy:
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(a) |
the principal amount of the loan; |
|
(b) |
the maturity of the loan; |
|
(c) |
the time structure of repayment instalments; |
|
(d) |
the results of the scoring models. |
2. The description of the method referred to in paragraph 1 shall indicate how all of the following elements are considered at the point of loan origination:
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(a) |
the risk-free interest rate used; |
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(b) |
the risk category of the project owner assigned in accordance with Article 19; |
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(c) |
the availability of collateral or guarantees; |
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(d) |
any operating and administrative costs, and fees levied by the crowdfunding service provider for services provided in connection with the loan; |
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(e) |
where relevant, any other risk associated with the loan. |
3. In addition to the elements referred to in paragraphs 1 and 2, the description of the method referred to in paragraph 1 shall also indicate how all of the following elements are taken into account after the point of loan origination:
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(a) |
fees for loan administration and monitoring; |
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(b) |
fees in relation to re-evaluation of collateral; |
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(c) |
fees for changes to loan agreement terms or restructuring conditions, including changes following default by the project owner; |
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(d) |
fees for the sale of the loan by the investor; |
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(e) |
fees for the early repayment of the loan; |
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(f) |
fees for contingency funds as referred to in Article 6(5) and (6) of Regulation (EU) 2020/1503. |