Notice 1005 Credit Files, Grading and Provisioning

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

Issued pursuant to:

Applies to: Merchant Bank (Locally Incorporated) , Merchant Bank (Branch)

View Notice Notice 1005 Credit Files, Grading and Provisioning (358.9 KB)

This notice applies to all merchant banks. 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.

01 Jan 2018: MAS Notice 1005 dated 11 March 2005 (41.3 KB) is cancelled.
11 Mar 2005: MAS Notice 1005 dated 1 November 1985 is cancelled with effect from 14 March 2005.

Amendment Notes