Examples of Singapore Borrower in a sentence
Merger, etc., of bank in Singapore affecting amounts outstanding of Singapore borrower, etc.
Where, for the purpose of this Notice, a merchant bank is required to determine the cumulative total outstanding unsecured amount of a Singapore borrower, the merchant bank may rely on information obtained through comprehensive checks conducted or caused to have been conducted with one or more credit bureaus and may supplement such information obtained with information that is supported by credible evidence from an independent source.
A merchant bank need not comply with sub-paragraph (1) in respect of any Singapore borrower for any of the periods specified in sub-paragraph (1B) if the merchant bank does not during the period permit the Singapore borrower to draw down any further amounts on the unsecured non-card credit facility.
A bank in Singapore need not comply with sub-paragraph (1) in respect of any Singapore borrower for any of the periods specified in sub-paragraph (1B) if the bank in Singapore does not during the period permit the Singapore borrower to draw down any further amounts on the unsecured non-card credit facility.
Determining cumulative total outstanding unsecured amount20 Where, for the purpose of this Notice, a finance company is required to determine the cumulative total outstanding unsecured amount of a Singapore borrower, the finance company may rely on information obtained through comprehensive checks with one or more credit bureaus and may supplement such information obtained with information that is supported by credible evidence from an independent source.