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    بوابة الاقتراحات والملاحظات لحكومة دولة الإمارات

    

CENTRAL BANK OF THE UAE

 

Date : /06/2001
Ref. : 3/1609 /2001

From : Executive Director, Banking Supervision & Examination Dept.
To : Examination Team Leaders/ Supervisors/ Examiners


After greetings,
Please be advised that the Central Bank Board of Directors has resolved, per item (7) of resolution No. 84/3/2001, taken in its meeting on 15/4/2001, the following:-
To exempt facilities covered and/or secured by cash collateral from unclassified credit portfolio while calculating general provisions as per Central Bank Notice No. 1192/98 of 28/12/1998. Accordingly, there is no need to form general provisions for credit facilities which are fully covered and/or secured by cash collateral.

Kindly act accordingly.


Yours faithfully,


Executive Director
Banking Supervision & Examination Dept.

        

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