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Bank Negara exposure draft on trade credit insurance, takaful


KUALA LUMPUR: Bank Negara Malaysia has issued an exposure draft on its proposed requirements on the offering of trade credit insurance and trade credit takaful. 

In a statement posted on its website on Friday, 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). 

Insurance , Banking

   

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