Last Revised Date: 29 December 2017

Notice 1005 Credit Files, Grading and Provisioning

Requirements for merchant banks on maintaining credit files, grading credit facilities and determining credit loss allowance.

This notice applies to all merchant banks. It covers requirements for:

  • Maintenance of credit files and the basic information required for objective credit assessment.
  • Grading of credit facilities.
  • Recognition of loss allowance for expected credit loss.


Amendment Notes

01 Jan 2018
 MAS Notice 1005 dated 29 December 2017 takes effect.

14 Mar 2005
MAS Notice 1005 dated 01 November 1985 is cancelled.