Regulatory Alerts2020-08-05
Added · Updated
90-day extension of Trade Loans under the Pre-approved Principal Payment Holiday Scheme
The regulator issued this circular on 5 August 2020 to extend the Pre-approved Principal Payment Holiday Scheme for corporate trade loans by 90 days. This measure allows authorized institutions to grant principal payment holidays to corporate customers affected by the COVID-19 pandemic. The extension applies to loans previously approved under the scheme established on 17 April 2020, ensuring continued support for corporate credit risk management during the crisis.
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