LRD appear in a tabular form (see the table in fig.1.1) with explanatory notes for each column in the report. This Explanatory notes will continue to accompany the report for the first one year, and cease thereafter. Table 1.2 provides explanation to the columns in fig.1.1.

Fig 1.1: Dashboard content and structure

Table 1.2: Explanatory notes to fig 1.1

Ref Description Explanation
1 APR (Current) The computed APR for the current month
2 APR (Last) The computed APR for the previous month
3 Change (Current) The change record from last month in absolute figures. This is simply column 1 minus column 2.  A negative figure is preferred
4 Change (Last) The change reported for previous month.
5 Average (YTD) The average of the Bank’s twelve month APR, including the current month
6 High The highest APR  of the Bank during the last twelve months, including the current month
7 Low The Lowest APR of the Bank during the last twelve months, including the current month
8 Range Is the difference between the highest and lowest APR in the last twelve months, including the current month. This is simply column 6 minus column 7
Standard Deviation: Measures how the Bank’s individual APRs for the past twelve months are spread around its own twelve-month average. The purpose of the standard deviation and the range is to communicate dispersion in the Bank’s own APR over the previous twelve months. Notice that the range uses only two of the data points (i.e. the highest and lowest), whilst the standard deviation uses all the data points (i.e. all the individually published APRs). A bank with higher values for the range and standard deviation has more APRs that are distant from its average than a bank with lower values.
10 APR Factor Measures the dispersion per APR and allows for comparison of two Banks in terms of how their APRs are distant from their respective twelve month averages. It is simply column 9 divided by column 5. In terms of APR dispersion, a Bank with a low APR factor is better than another one with a higher dispersion. The APR factor is rounded to two decimal places.
11 Class (Current) The current classification of the Bank. The classification compares the Bank’s current and twelve-month APR with the current industry average to place Bank’s in one of six categories. Refer to the notes on Bank classification for details
12 Class (Last) The classification of the Bank in the previous month’s dashboard. Helps in analyzing a Bank’s APR performance overtime.

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