2025-06-03

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Instruction (Archive) No. 6/2025

The Bank of Portugal amends Instruction No. 7/2012 to update the rules for mobilizing credit rights portfolios. It modifies Article 3 to establish SIAC as the primary credit assessment source when available and revises Article 7 to specify the use of Internal Ratings-Based (IRB) methods or SIAC ratings, including specific PD and LGD parameters, for determining credit quality. The amended instruction enters into force on June 16, 2025.

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