Bajadj,
wrong. Or at least to some extent. You do HAVE to pass the selection process to be offered a place on the course. You cannot fail the selection and continue on to the integrated course. For some people who pass the selection, but achieve marginal marks in doing so, the offer of a place may be made without the benefit of the security package, but if you fail the selection totally, then no amount of zeros waved under Oxfords nose will get you on the integrated course. Well, I say that, but I'm sure Anthony Pettefords business brain would kick in and he'd find a way if you waved quite a lot of zeros at him....but the cheque would certainly require a lot more than 5 figures.
Likewise, the skills security refund does not apply "only" to any training costs that you have paid "on account" which you have not been provided(which, as discussed earlier would pose a very sticky legal situation for OAA should they not refund that part anyway), it applies to all costs of training undertaken up to PT3. If you follow the instructions Adios posted earlier in the thread, the examples show exactly how much this could be worth....and it is basically all fees you've incurred up to PT3, minus about £8k. Which is still better than any other FTO offers in terms of guarantees..