With reference to Sub-Paragraph CM-1.8.12 (b), however, a default by an obligor on one retail obligation may not require the licensee to treat all other obligations to the licensee as defaulted and non-performing. In these cases, Islamic bank licensees must carefully consider the categorisation and staging status of other exposures to the same counterparty (i.e. cross-product default). For example, if a customer has a retail personal financing and an auto financing with the licensee, a default on the personal financing must be considered when assessing the stage classification of the auto financing.