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of the specific credit risk provisions related to the credits, for which one of the following conditions
is met:
a) the legal avenues to recover have been exhausted or the time limit of the statutes of limitation has
been exceeded;
b) the contractual rights related to the credit have been transferred.
Article 21 - Lenders shall establish and/or adjust on a monthly basis the specific credit risk
provisions related to the credits that have been included in the balance at the end of the respective
month, by registering them as expense and/or by carrying them forward as income, regardless of
the results of that specific period.
Article 22 - Lenders shall establish, adjust, and use the specific credit risk provisions based on the
currency in which the credits to be corrected are denominated.
CHAPTER V
Information requirements
Article 23 - For purposes of this Regulation, lenders must have available proper information
management methods and procedures ensuring the compliance with the requirements related to
the classification of credits and to the establishment of the necessary specific credit risk provisions,
as well as to the establishment/adjustment/use thereof. Specifically, there are some requirements 5
whose compliance must be ensured by lenders, based on the above-mentioned methods and
procedures:
a) establish and preserve the correspondence between the eligible real /personal guarantees and
the operations representing the credits that they guarantee;
b) identify, amongst the amounts registered in the credit and guarantee accounts, both in- and
off-balance, all the statements related to a certain operation and, for each of these statements,
establishing/associating all the required attributes to perform the classification/provisioning
operation;
c) adjust the amounts that are posted in the accounting books for the guarantees, in order to
calculate the value whereby the amounts that represent exposures are reduced, as extracted from
the credit accounts;
d) identify all of the operations that represent credits and related guarantees, and that are performed
with a certain debtor;
e) identify all the debtors in relation to which the lender has credit-related exposures;
f) establish and preserve the correspondence between the statements related to the specific credit
risk provision accounts and the statements describing the credit operations for which they were
created.
Article 24 - Lenders must have proper information management and storage methods, as well as
procedures enabling them to check primary data and the way in which data has been processed in
order to classify credits and to establish the necessary specific credit risk provisions, as well as in
order to establish/adjust/use them, for every closing of the accounting period.
5 The requirements related to guarantees are only mandatory if the guarantees are used to
mitigate exposure.
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