Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 27

Overdue or rescheduled assets

(1) An authorized institution shall—

   (a)  disclose the gross amount of loans and advances to customers which
        have been overdue for—

        (i)    more than 3 months but not more than 6 months;

        (ii)   more than 6 months but not more than one year; and

        (iii)  more than one year;

   (b)  disclose the percentage of its total amount of loans and advances to
        customers which have been overdue for—

        (i)    more than 3 months but not more than 6 months;

        (ii)   more than 6 months but not more than one year; and

        (iii)  more than one year; and

   (c)  ensure that the total amount of loans and advances to customers as
        disclosed pursuant to paragraphs (a) and (b) corresponds to the total
        amount of loans and advances for use in Hong Kong, trade finance, and
        loans and advances for use outside Hong Kong as disclosed pursuant to
        section 26(1).

(2) An authorized institution shall disclose—

   (a)  the gross amount of loans and advances to banks which have been
        overdue for—

        (i)    more than 3 months but not more than 6 months;

        (ii)   more than 6 months but not more than one year; and

        (iii)  more than one year; and

   (b)  the percentage of its total amount of loans and advances to  banks
        which have been overdue for—

        (i)    more than 3 months but not more than 6 months;

        (ii)   more than 6 months but not more than one year; and

        (iii)  more than one year.

(3) An authorized institution shall disclose—

   (a)  a description of any collateral held in respect of the overdue loans
        and advances and any other forms of credit risk mitigation and, unless
        impracticable, an estimate of the fair value of such collateral or
        such other forms of credit risk mitigation; and

   (b)  the amount of specific provisions made on such overdue loans and
        advances.

(4) An authorized institution shall disclose—

   (a)  the amount of rescheduled loans and advances to customers, excluding
        those which have been overdue for more than 3 months and disclosed
        pursuant to subsection (1); and

   (b)  the percentage of such loans and advances to its total amount of loans
        and advances to customers.

(5) An authorized institution shall disclose—

   (a)  the amount of rescheduled loans and advances to banks, excluding those
        which have been overdue for more than 3 months and disclosed pursuant
        to subsection (2); and

   (b)  the percentage of such loans and advances to its total amount of
        loans and advances to banks.

(6) An authorized institution shall disclose the amount of other assets,
broken down into major classes of assets (including trade bills and
debt securities), which have been overdue for—

   (a)  more than 3 months but not more than 6 months;

   (b)  more than 6 months but not more than one year; and

   (c)  more than one year.

(7) An authorized institution shall disclose the amount of repossessed assets
held, irrespective of the accounting treatment of the related loans and
advances.