Notices
 Last Revised Date: 29 June 2021

Notice 612A Credit Files, Grading and Provisioning - COVID-19

Requirements for banks on maintaining credit files, grading credit facilities and determining credit loss allowance.
Issued pursuant to: Banking Act (Cap. 19) section 55
Applies to: Full Bank (Branch) , Full Bank (Locally Incorporated) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated)
View Notice Notice 612A Credit Files, Grading and Provisioning - COVID-19 (191.3 KB)
This notice applies to all banks in Singapore. It sets out the credit grading treatment, for credit facilities granted support measures by 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

16 Mar 2021
MAS Notice 612A dated 15 March 2021 takes effect.

Resources

MAS Notice 612A - Process Flowcharts (396.1 KB)