Sentence examples for total provision for from inspiring English sources

On Tuesday Barclays set aside a further £1bn to cover the costs of compensation for mis-selling PPI and interest rate swaps – taking total provision for PPI to £2.6bn and for interest rate swaps to £850m.

In its results statement, Lloyds also said it had increased its provision for mis-selling interest rate hedging products to small and medium-sized business to £310m in the fourth quarter, taking its total provision for these products to £400m in 2012.

The credit card lender's total provisions for credit losses jumped 48percentt from a year earlier, to $1.27 billion.

Its PPI bill has topped £12bn, taking the bank's total provisions for such conduct issues to more than £14bn.

Last month, HSBC Holdings, another major British bank, set aside an additional $800 million to cover potential fines stemming from a money laundering investigation, bringing its total provisions for the case to $1.5 billion.

Following a review, the bank said total provisions for the scandal involving interest rate swaps were now £850m, and £2.6bn for the PPI schemes.

It identified a further $1.7bn to cover the cost of mis-selling payment protection insurance (PPI) to mortgage borrowers, bringing the total provisioning for PPI claims to $2.4bn, as well as $598m for mis-selling interest rate swaps to small businesses.

This accounted for the total provision of preventive activities but also for specific activities such as informing the client, promoting a healthy lifestyle and continuation and recording of activities.

HSBC's total provision of $1.6bn in legal charges in the third quarter included $701m for UK customer compensation (of which $589m was for payment protection insurance) and $550m for an agreement with the Federal Housing Finance Authority in the US.

Since the annual rate of demand for each product is known, total provision cost for product i per unit time is obtained through Equation 8: TC P = ∑ i = 1 n M i Q i T i = ∑ i = 1 n M i D i 1 − p 2 i ; i = 1, …, n.

That brings the total provision made last year for PPI compensation to £3.5bn.