CM-3.4.4

Past version: Effective from 01 Jan 2011 to 30 Jun 2011
To view other versions open the versions tab on the right

The banks should continue to apply the Sovereign Credit 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 CBB to discuss the issues before booking such provisions.

Amended: January 2011
October 2007