Notices
Last Revised Date: 29 December 2017

Notice 612 Credit Files, Grading and Provisioning

Requirements for banks on maintaining credit files, grading credit facilities and determining credit loss allowance.

This notice applies to all 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.

The notice also sets out requirements specific to locally-incorporated domestic systemically important banks (D-SIBs) in Singapore, such as a minimum level of credit loss allowances and the setting up of regulatory loss allowance reserves.

Amendment Notes

01 Jan 2018
MAS Notice 612 dated 11 March 2005 is cancelled.
14 Mar 2005
MAS Notice 612 dated 30 December 2004 is cancelled.