Special Reporting on Treatment of Payment Deferrals or Skipped Payments due to COVID-19 Measures

June 1, 2021
CIRCULAR LETTER TO:
ALL INSTITUTIONS LICENSED UNDER THE
FINANCIAL INSTITUTIONS ACT, 2008
COPIED TO:
BANKERS ASSOCIATION OF TRINIDAD AND TOBAGO (BATT) REF: CB-OIFI-1208/2021 SPECIAL REPORTING ON TREATMENT OF PAYMENT DEFERRALS OR “SKIPPED PAYMENTS” DUE TO COVID- 19 MEASURES The Central Bank of Trinidad and Tobago (“Central Bank”) refers to its Circular Letter (CB￾OIFI-976/2021) dated May 7, 2021 whereby it advised of the reintroduction of a moratorium on the regulatory treatment for rescheduled loans due to “skipped payments” or rate reductions and past due facilities for the period May 1, 2021 to September 30, 2021. The Central Bank advises that pursuant to section 75(1) of the Financial Institutions Act, 2008 ("FIA"), a revised Special Report (revised DPC￾19) for licensees to report exposures that have been granted "skipped payment" arrangements and/or rate reductions will be required. Institutions are asked to commence reporting data as at May 31, 2021 on the revised DPC-19. Institutions that do not grant loans or do not intend to grant "skipped payment" arrangements and/or rate reductions are asked to confirm this in writing to the Central Bank and will not be required to submit nil revised DPC-19 reports. The Central Bank now encloses instructions for completing the revised DPC-19 report and the accompanying template. The instructions and template can also be found on the Central Bank’s website at https://www.central-bank.org.tt/publications/regulatory-returns/banking-sector-regulatory-returns under “Monthly Returns”. Financial institutions are required to submit the revised DPC-19 report in electronic format using Pretty Good Privacy (PGP) encryption protocols to cbttreports@central-bank.org.tt and in hard copy to the following as soon as it is practical to do so:
Mrs. Angela Henry-Small
Manager, Information Services - Statistics Department Central Bank of Trinidad and Tobago Eric Williams Plaza, Independence Square Port-of-Spain Please be guided accordingly. Yours sincerely Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS Cen t r al Ban k o f Tri n i d ad an d To bag o Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-CBTT (2288), 235-CBTT (2288); Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt