Japanese
November 10, 2021
Financial Services Agency
(Japanese version: published October 8, 2021)
Publication: Treatment for Highly Feasible Fundamental Reconstruction Plan upon Determining if the lending ranks as restructured loan under the Impact of the COVID-19 Infection
In a released notice to related association representatives issued on September 10, 2021 ("Thorough Cash Flow Support, etc. for Companies According to Individual Circumstances"), the FSA clarified its stance that "financial institutions may take flexible measures when determining if the lending ranks as restructured loan, such as extending a period for a highly feasible fundamental Reconstruction plan, postponing the deadline for formulating a plan, or formulating a plan based on business performances before the outbreak of the COVID-19 infection."
From the perspective of requesting financial institutions to continue their utmost efforts for providing cash flow support closely to companies based on the content of the relevant written notice, the FSA compiled the basic views concerning the flexible measures in the form of Q&As as shown in the Attachment.
(Attachment) Treatment for Highly Feasible Fundamental Reconstruction Plan upon Determining if the lending ranks as restructured loan under the Impact of the COVID-19 Infection
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