Requirements for merchant banks submitting returns to MAS, including reporting forms, completion notes and submission timeframe.
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.