Regulatory Alerts2020-09-02
Added · Updated
Extension of Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority issued this circular on 2 September 2020 to extend the Pre-approved Principal Payment Holiday Scheme for corporate customers. The directive applies to all authorized institutions and builds upon previous measures including the 90-day extension for trade loans announced in August 2020. This regulatory update aims to provide continued credit risk management support to businesses facing challenges related to the COVID-19 pandemic.
CIR
Current
Issue Date:
02 Sep 2020
20200902-1-EN.pdf (286.3 KB)
Topic:
Credit Risk Management - Corporate credit risk management
Miscellaneous - Covid-19 challenges
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
05 Aug 2020
90-day extension of Trade Loans under the Pre-approved Principal Payment Holiday Scheme
CIR
Current
17 Apr 2020
Pre-approved Principal Payment Holiday Scheme for Corporate Customers
Directly related Document
CIR
Current
05 Aug 2020
90-day extension of Trade Loans under the Pre-approved Principal Payment Holiday Scheme
CIR
Current
17 Apr 2020
Pre-approved Principal Payment Holiday Scheme for Corporate Customers
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Superseded Document
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Annex: Pre-approved Principal Payment Holiday Scheme for Corporate Customers