According to EMIR Research, the overwhelming uptake and benefit to the many in the backdrop of a potentially grave economic outlook suggest loan moratorium to be extended to six months of automatic blanket loan moratorium.
It said a real moratorium that assists borrowers should have no room for the practice of charging borrowers an additional interest for the period of moratorium by re-amortising the loan payment schedule once the moratorium period is over. "It has to be re-emphasised that the borrowers have not defaulted on their payments - the payments were merely postponed - and, provided the borrowers resume and finish all the payments according to the schedule, banks would not lose their real profits.
Under the International Financial Reporting Standards , the banks have to show the fair value of the loans in their books based on the present value formula.
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