CM-4.4.4

Past version: Effective from 01 Oct 2007 to 31 Dec 2010
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The banks should continue to apply the Sovereign Debt Provisioning Matrix (see Appendix CM-1) as a benchmark for estimating future recoverable cash receipts. However, if a lower provisioning amount is determined, i.e. lower than the amount identified through the matrix, and the bank intends to book the lower amount, then a meeting must be arranged with the Central Bank to discuss the issues before booking such provisions.

October 07