What is a special mention loan?

Bank loans are classified as special mention assets when the lender fails to supervise a loan properly or maintain sufficient documentation, or otherwise has deviated from acceptable and prudent lending practices.

Is Special mention a pass credit?

Pass credits also include credits that are on our watch and special mention lists, where the borrower exhibits potential weaknesses, which may, if not checked or corrected, negatively affect the borrower’s financial capacity and threaten their ability to fulfill debt obligations in the future.

What are the different loan classifications?

‒ Pass, Special Mention, Substandard, Doubtful, Loss? Review loan documentation and, applying the six “P’s” of credit, assign appropriate classifications.

What is the loan grading?

What Is Loan Grading? Loan grading is a classification system that involves assigning a quality score to a loan based on a borrower’s credit history, quality of the collateral, and the likelihood of repayment of the principal and interest. A score can also be applied to a portfolio of loans.

What is mean by special mention?

to make special mention (of something): to highlight (something), to point (something) out, to bring attention to (something)

How do you use special mention in a sentence?

Portlaw is worthy of a special mention as it had the cleanest bins and the least number contaminated. He received a special mention in assembly on Friday, and was given a round of applause by his fellow pupils after they were told of the rescue.

What’s another way to say special mention?

What is another word for special mention?

commendation	praise
approval	tribute
eulogy	homage
mention	appreciation
congratulation	eulogium

What is a loan category?

Loan Category means each group of Loans of a common type (e.g., general consumer-purpose, healthcare direct, etc.), and with a common credit grade and loan term (as set forth in the Credit Policy).

What is a Class A loan?

Class A Loans means Loans of Class A Banks. The Class A Senior Secured Floating Rate Loans incurred by the Co-Issuers under the Credit Agreement.

How do you use special mention?

Also, special mention to Andrea Pirlo’s beard, which is in a class of its own. Judges also awarded a special mention to Walter Soplin for his tours of the Peruvian Amazon. Among strong performances, special mention to Roger Allam’s brigadier, by turns stolid, pitiful and scary.

What does a special mention mean?

When to use special mention in loan classification?

This refers to loans where borrowers are current in meeting commitments and full repayment of interest and principal is not in doubt. • Special Mention This refers to loans where borrowers are experiencing difficulties which may threaten the institution’s position. Ultimate loss is not expected at this stage but

How are loans classified in the HKMA system?

Under the HKMA’s loan classification system, loans and advances are to be classified into the following categories: Pass, Special Mention, Substandard, Doubtful, and Loss. Loans in the substandard, doubtful and loss categories are collectively known as “classified loans”.

What are the different types of classified loans?

Loans in the substandard, doubtful and loss categories are collectively known as “classified loans”. Classified loans together with loans in the special mention category are collectively referred to as “criticised loans”. The definition and characteristics of each of the categories are given below.