(1) This rule applies where the —
(a) only remedy which the claimant seeks is the payment of a sum of money together with interest and costs;
(b) defendant —
(i) admits the whole of a claim for a specified sum of money, or
(ii) offers to pay a specified sum, and
(iii) requests time to pay or makes an offer to pay by instalments; and
(c) claimant in the request for judgment on the admission in Form 7 accepts the defendant's offer as to the amount, time and rate of payment.
(2) If this rule applies, judgment on the admission must be judgment for the specified sum of money admitted (less any payments made), interest and fixed costs under rule 65.4, to be paid at the agreed time and rate.