CM-1.3.4
Past version: Effective from 01 Oct 2007 to 31 Dec 2010
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A bank's credit policy should address all credit matters of significance including:
(a) objectives of credit monitoring;
(b) organisation and reporting structure of the credit department;
(c) designated markets and products;
(d) establishment of a credit limit framework;
(e) guidelines for assessment of concentration;
(f) authorisation procedures for the advancement of credit;
(g) establishment of credit committees;
(h) establishment of desirable pricing levels and criteria; and
(i) problem credit identification and administration.
October 07