Year 1 (including Annual cost for year 2 & 3 Total implementation costs) costs Low end High end Low end High end system system system system process process process process Agency IT £10,000 £215,000 Nil Nil £10,000 - development £215,000 Agency Staff De minimis £30,000 De minimis De Nil - Training, minimis £30,000 Publicity, Providing Guidance Costs on Net Benefit De Net Benefit De De Local minimis minimis minimis Authorities Costs on De minimis Unable to De minimis Unable to Unable to Creditors estimate* estimate* estimate* IT refresh Nil Nil De minimis Up to Up to (wrapped up £50,000 £50,000 into changes (in year 2 to existing or 3) moratorium software) *Some potential designs of moratorium might involve creditors having to do significant work on their software systems, for example, to enforce different rules on interest and charges than those imposed by either FCA rules or the English and Welsh system.