Requirement for all merchant banks to maintain adequate provisions for bad and doubtful debts.
Last Revised Date: 29 June 2021
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 in Singapore. 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.