(a) administer its credit portfolios, including keeping the credit files current, getting up-to-date financial information on borrowers and other
Counterparties, funds transfer, and electronic storage of important documents;
(b) ensure that the valuations of
Credit Risk mitigants employed by the Authorised Firm are up-to-date, including periodic assessment of Credit Risk mitigants such as guarantees and Collateral;
(c) review all material concentrations in its credit portfolio and report the findings of such reviews to the
Governing Body; and
Credit Risk (including to measure Credit Risk of off-balance sheet products such as Derivatives in credit equivalent terms) and monitor the condition of individual credits to facilitate identification of problem credits and to determine the adequacy of provisions and reserves.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]