Agreement on Credit Asset Classification and Lease Loss Provisioning for Leasing Companies
关于租赁公司信贷资产分类及计提租赁损失准备的协议
ຂໍ້ຕົກລົງວ່າດ້ວຍ ການຈັດຊັ້ນ ແລະ ຫັກເງິນແຮ ຄ່າເຊົ່າສິນເຊື່ອຂອງບໍລິສັດເຊົ່າສິນເຊື່ອ
Summary
This regulation governs credit asset classification and bad debt provisioning for leasing companies in Laos, requiring lease receivables to be classified into five categories based on overdue status and provisions to be made.
Articles
Article ມາດຕາ 1
Article 2 Classification and Provision for Bad Debts of Credit Leases of Leasing Companies
Classification and provision for bad debts of credit leases of leasing companies means classifying the receivables from lessees and making provision for bad debts at the rates stipulated in this agreement.
Article ມາດຕາ 2
Article 2 Definition of Terms
The terms used in this Agreement are defined as follows:
1. "Non-performing debt" means lease receivables classified as substandard, doubtful, and loss;
2. "Lease fee" means the principal and interest of the lease that the lessee is obligated to pay to the leasing company;
3. "Installment" means the period for payment of lease fees as agreed in the lease contract, where one installment equals one month.
Article ມາດຕາ 3
Article 3 Scope of Application
This agreement applies to financial leasing companies operating in the Lao PDR.
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