Notice 1012 Credit Facilities to a Single Borrower or Group of Borrowers

Requirements for merchant banks incorporated in Singapore to limit their exposures to a single borrower or group of borrowers.

Credit Risk

Issued pursuant to: Banking Act (Cap. 19) section 55ZE(1)

Applies to: Merchant Bank (Locally Incorporated)

View Notice Notice 1012 Credit Facilities to a Single Borrower or Group of Borrowers (151.7 KB)

This Notice applies to all locally-incorporated merchant banks. It sets out the limits for a locally-incorporated merchant bank’s credit facilities to a single borrower or group of borrowers, and the conditions that must be met for the limit to be increased.

01 Jul 2021: MAS Notice 1012 dated 11 June 2021 takes effect.
01 Jul 2021: MAS Notice 1012 (113 KB) and MAS Notice 1012 Appendix 1 (66.2 KB) dated 01 November 1985 are cancelled.
01 Nov 1985: MAS Notice 1012 dated 01 November 1985 takes effect.