127. Where loans are arranged as a line of credit (e.g. overdrafts), the initial decision and …

Where loans are arranged as a line of credit (e.g. overdrafts), the initial decision and amendments thereof should be documented. Any use of such agreed credit facilities within the agreed limits should not be considered as a new decision on a loan to a member of the management body or their related party. Where an amendment of a line of credit is material in line with the institution ’ s policy, a new assessment and decision should be made.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/