14. For pre-sale and sale contracts, the percentage referred to in paragraph 13 should be …

For pre-sale and sale contracts, the percentage referred to in paragraph 13 should be calculated as follows:

• a. In the numerator, the sum of the sale prices as specified in the following contracts related to the residential property:
• i. the legally binding pre-sale contracts with substantial cash deposit or financing ensured in an equivalent manner in accordance with paragraphs 10 and 12 of these Guideline s ;

and

• ii. the legally binding sale contracts;
• b. In the denominator, the total amount of the credit facility, including the drawn amount and undrawn amount, granted by the institution to the obligor to finance the ADC project related to the residential property.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/