Last Revised Date: 30 June 2021

Notice 1005A Credit Files, Grading and Provisioning - COVID-19

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

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).

Amendment Notes

01 Jul 2021
MAS Notice 1005A dated 30 June 2021 takes effect.

16 Mar 2021
MAS Notice 1005A dated 15 March 2021 takes effect.