Notices
Last Revised Date: 15 March 2021

Notice 811 Credit Files, Grading and Provisioning

Requirements for all finance companies on the maintenance of credit files, grading of credit facilities and determination of credit loss allowance.

This notice applies to all finance companies. It sets out the requirements on:

  • 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.
Please refer to MAS Notice 811A for the credit grading treatment in relation to the credit facilities granted support measures by finance companies in response to the on-going novel coronavirus ("COVID-19") outbreak.

Amendment Notes

16 Mar 2021
MAS Notice 811 (Amendment) 2021 (239.7 KB) takes effect.

14 Mar 2005
MAS Notice 811 dated 1 December 1983 is cancelled.