Requirements for all finance companies on the maintenance of credit files, grading of credit facilities and determination of credit loss allowance.
Last Revised Date: 29 June 2021
Notice 811A Credit Files, Grading and Provisioning - COVID-19
Requirements for finance companies on maintaining credit files, grading credit facilities and determining credit loss allowance.
This notice applies to all finance companies in Singapore. It sets out the credit grading treatment, for credit facilities granted support measures by finance companies 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).