CM-1.3.4
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.
Amended: January 2011
October 2007
October 2007