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CM-1.8.24

The below staging classification must represent migration in credit quality and dictates the level of ECL to be recognised. The following must be followed:

Staging Description ECL measure
Stage 1 Performing assets with no significant deterioration in credit risk since origination or with very low credit risk. 12-month ECL
Stage 2 Performing assets that have exhibited significant increase in credit risk since origination. Life-time ECL
Stage 3 Non-performing exposures that are considered credit impaired. Life-time ECL
Added: June 2022