Our Ref: B9/55C and B1/15C

20 April 1999

The Chief Executive
All Authorized Institutions
Dear Sir/Madam,

Supplementary information on rescheduled assets

Under item 10.3 of the completion instructions to the return of Analysis of Loans and Advances and Provisions (MA(BS)2A), rescheduled assets which have become overdue after rescheduling will need to be reported as overdue in Note (3) (a) to (c) and also as rescheduled assets in Note (3)(e) of the return. Such reporting arrangement may lead to overstatement of the total overdue and rescheduled assets of authorized institutions.

The HKMA is currently in the process of revising the return. In the meantime, your institution is requested to provide the HKMA with supplementary information on rescheduled assets on the standard form attached. The form should cover your institution’s position as at 31 March 1999 and be submitted to the HKMA by fax (no. 2878 1899) on or before 17 May 1999.

Should you have any questions, please feel free to contact Mr Gary Leung (2878 1879) or Mr P. M. Koo (2878 1536) of this office.

Yours faithfully,

Raymond Li
Executive Director
(Banking Policy)

Encl

Supplementary information on rescheduled assets

Name of Authorised Institution: _________________________________________

Name of Contact person: __________________
Telephone no.: ____________

Reporting date: ______________________