Notice 1005 Credit Files, Grading and Provisioning
Requirements for merchant banks on maintaining credit files, grading credit facilities and determining credit loss allowance.
Banking Act (Cap. 19) section 55(1)
This notice applies to all merchant banks in Singapore. It sets out the credit grading treatment, for credit facilities granted support measures by merchant banks in response to the on-going novel coronavirus (“COVID-19”) outbreak, for the period beginning on 1 January 2021 and ending on 31 December 2021 (both dates inclusive).