Regulatory Alerts2001-06-29
Added · Updated
Supervisory Policy Manual CR-G-6 Interest Recognition
The Hong Kong Monetary Authority issues this statutory guideline to standardize how Authorized Institutions determine when to suspend or cease accruing interest on loans and other assets. The document mandates that interest accrual must stop when there is reasonable doubt about collectibility, when specific provisions are made, or when contractual repayments are significantly overdue relative to collateral value. It further details the treatment of collateral, special asset types like overdrafts, and the specific conditions required to resume interest recognition in the profit and loss account.
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