Regulatory Alerts2020-04-17
Added · Updated
Pre-approved Principal Payment Holiday Scheme for Corporate Customers
The Hong Kong Monetary Authority issued this circular on 17 April 2020 to authorize a pre-approved principal payment holiday scheme for corporate customers affected by the Covid-19 pandemic. The document outlines the framework for authorized institutions to grant payment deferrals on corporate credit facilities to alleviate financial pressures during the crisis. This regulatory guidance falls under credit risk management and addresses miscellaneous challenges posed by the pandemic to the banking sector.
CIR
Current
Issue Date:
17 Apr 2020
20200417-1-EN.pdf (188.5 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Superseded Document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
Annex
Current
17 Apr 2020
Annex - Pre-approved Principal Payment Holiday Scheme for Corporate Customers
Annex
Current
17 Apr 2020
Annex - Pre-approved Principal Payment Holiday Scheme for Corporate Customers
Cross referenced Document
Version History
Superseded Document
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