Pursuant to Directive 7, issued under Section 24C(3) of the MAS Act, all merchant banks are required to submit, not later than 15 days after the last day of each month, a statement in accordance with the proforma at Appendix I (PDF, 12.2KB). The Explanatory Notes for completing the statement are at Appendix II (PDF, 51.9KB).
Please note the following points in your submission:-
| a) |
In reporting loan cases for the first time, full particulars for all facilities must be disclosed as required in the Explanatory Notes.
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| b) |
In subsequent returns of cases previously reported, columns 1, 3, 4 and 6 need to be completed monthly. Columns 1 and 5 need only be updated half-yearly if there are no changes. In the interim months, please indicate "No change". If there are any changes, please report particulars in full as required in the Explanatory Notes.
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| c) |
Loans granted by the Domestic Banking Unit should be segregated from those of the Asian Currency Unit. Loans should be reported in the currencies in which they are denominated.
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| d) |
If there are no credit facilities which fall under Directive 7 please submit a "Nil" return. |
Appendix I: Monthly Statement Of Advances, Loans Or Credit Facilities To Merchant Bank Directors, Staff And Related Concerns
 (PDF, 12.2KB)
Appendix II: Explanatory Notes For The Completion Of Statement Of Advances, Loans Or Credit Facilities To Merchant Bank Directors, Staff And Related Concerns
(PDF, 51.9KB)
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