Exposure Draft on Trade Credit Insurance and Trade Credit TakafulRelease Date: 01 Jun 2018 Updated on: 21 May 2019
This exposure draft sets out the Bank’s proposed requirements on the offering of trade credit insurance and trade credit takaful. It also proposes the recognition of trade credit insurance and trade credit takaful as credit risk mitigation under the Capital Adequacy Framework (Basel II – Risk-Weighted Assets) and Capital Adequacy Framework for Islamic Banks (Risk-Weighted Assets). Collectively, these proposed requirements seek to position insurance and takaful products to better meet the protection needs of businesses.
The Bank invites written feedback on the proposed regulatory requirements. Responses must be submitted to firstname.lastname@example.org by 16 July 2018.
Further details can be found in the following documents: Exposure Draft on Trade Credit Insurance
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