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 29 December 2017 (359.5 KB) takes effect. MAS Notice 612 dated 11 March 2005 is cancelled.
- 01 Jan 2018
- MAS Notice 612 dated 11 March 2005 is cancelled.
- 14 Mar 2005
- MAS Notice 612 dated 11 March 2005 (40.8 KB) takes effect.
- 14 Mar 2005
- MAS Notice 612 dated 30 December 2004 is cancelled.
Related to this Notice
-
NoticesLast Revised Date: 17 January 2019
Notice 610 Submission of Statistics and Returns
Requirements for banks on submitting statistical reports to MAS, including reporting forms, completion notes and lodgement timeframe.
-
Monographs/Information PapersPublished Date: 25 October 2018
Thematic Review of Credit Review Standards and Practices of Corporate Lending Business
Information paper on banks’ credit review standards and practices for the corporate lending business, including areas where financial institutions should pay additional attention to, and good practices observed during MAS’ thematic review.
-
GuidelinesPublished Date: 01 April 2010
Guidelines on the Application of Banking Regulations to Islamic Banking
Guidelines for all financial institutions covering MAS' general approach to Islamic banking regulations.
-
NoticesLast Revised Date: 30 December 2004
Notice 606 Provision for and Writing Off Bad Debts
Requirements for all banks in Singapore when making provisions for and writing off bad debts.