Regulatory Alerts1998-06-04
Added · Updated
Clarification of Issues Relating to Determinations BID-2 & BID-4
The circular clarifies that interest must be suspended on non-performing accounts regardless of collateral coverage, requires delinquent group accounts to be classified and have interest suspended, and defines dormant overdrafts as non-performing when they breach the transparent approved limit. It establishes that effective control for large exposure aggregation exists with 20 percent or more voting shares or board composition power, mandating aggregation of related exposures when control is shared and allowing double-counted amounts to be set off against the aggregate total.
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