Schedule 1

FIRST SCHEDULERegulations 13 and 16(4)Documents to be obtained by card issuerPart IS/No.Type of card Documents required1.A fully unsecured or partially secured credit card or charge card to be issued pursuant to regulation 8(2)(a) or (b)(i) Documents to verify the annual income of the individual.2.A fully unsecured or partially secured credit card or charge card to be issued pursuant to regulation 8(2)(a)(ii) and (iii) and (b)(ii). Documents to verify the financial assets (net of any related liabilities) of the individual; and where the documents show that the financial assets (net of any related liabilities) of the individual do not exceed $1 million (or its equivalent in foreign currency), documents to verify the annual income of the individual must also be obtained.3.A fully unsecured or partially secured credit card or charge card that is not referred to in item 1 or 2 Documents to verify either the annual income or the total net personal assets of the individual.[S 261/2017 wef 01/06/2017]Part IIS/No.Type of card Documents required1.A Singapore cardholder who has been issued any fully unsecured or partially secured credit card or charge card on the basis that he has an annual income of at least $120,000 (or its equivalent in foreign currency) or total net personal assets that exceed $2 million (or its equivalent in foreign currency) Where the card issuer intends to permit the Singapore cardholder’s aggregate outstanding card amount to exceed his maximum credit limit, or his total outstanding unsecured amount to exceed his overall credit limit, documents to verify that either his annual income is at least $120,000 (or its equivalent in foreign currency) or his total net personal assets exceeds $2 million (or its equivalent in foreign currency); and, in any other case, documents to verify the annual income of the Singapore cardholder.2.A Singapore cardholder not referred to in item 1 Documents to verify the annual income of the Singapore cardholder.3.A cardholder not referred to in item 1 or 2 Documents to verify either the annual income or the total net personal assets of the cardholder.Part IIIS/No.Type of card Documents required1.A guaranteed credit card or guaranteed charge card guaranteed by a Singapore guarantor Documents to verify the annual income of the Singapore guarantor.2.A guaranteed credit card or guaranteed charge card that is not referred to in item 1 Documents to verify either the annual income or the total net personal assets of the guarantor.Part IVS/No.Type of card Documents required1.A guaranteed credit card or guaranteed charge card guaranteed by a Singapore guarantor having an annual income of at least $120,000 (or its equivalent in foreign currency), financial assets (net of any related liabilities) that exceed $1 million (or its equivalent in foreign currency) or total net personal assets that exceed $2 million (or its equivalent in foreign currency). Where the card issuer intends to permit the Singapore guarantor’s aggregate outstanding card amount to exceed the Singapore guarantor’s maximum credit limit, or the Singapore guarantor’s total outstanding unsecured amount to exceed the Singapore guarantor’s overall credit limit, documents to verify that either the Singapore guarantor’s annual income is at least $120,000 (or its equivalent in foreign currency), the Singapore guarantor’s financial assets (net of any related liabilities) exceed $1 million (or its equivalent in foreign currency) or the Singapore guarantor’s total net personal assets exceed $2 million (or its equivalent in foreign currency); and, in any other case, documents to verify the annual income of the Singapore guarantor.2.A guaranteed credit card or guaranteed charge card guaranteed by a Singapore guarantor not referred to in item 1 Documents to verify the annual income of the Singapore guarantor.3.A guaranteed credit card or guaranteed charge card that is not referred to in item 1 or 2 Documents to verify either the annual income or total net personal assets of the guarantor.[S 261/2017 wef 01/06/2017]Part VS/No.Type of card Documents required1.A Singapore cardholder who has been issued a credit card or charge card on the basis that the Singapore cardholder has an annual income of at least $120,000 (or its equivalent in foreign currency) or total net personal assets that exceed $2 million (or its equivalent in foreign currency) Where the card issuer intends to permit the Singapore cardholder’s aggregate outstanding card amount to exceed his maximum credit limit, or his total outstanding unsecured amount to exceed his overall credit limit, documents to verify that either his annual income is at least $120,000 (or its equivalent in foreign currency) or his total net personal assets exceeds $2 million (or its equivalent in foreign currency); and, in any other case, documents to verify the annual income of the Singapore cardholder.2.A Singapore cardholder, other than one referred to in item 1, who has been issued a credit card or charge card pursuant to regulation 8(2)(a) or (b)(i) or (ii) Documents to verify the annual income of the Singapore cardholder.3.A Singapore cardholder who has been issued a guaranteed credit card or guaranteed charge card pursuant to regulation 8(2)(b)(iii) Documents to verify either the annual income or the total net personal assets of the guarantor.4.A Singapore cardholder who has been issued a guaranteed credit card or guaranteed charge card pursuant to regulation 8(2)(b)(iv) on the basis of a Singapore guarantor having an annual income of at least $120,000 (or its equivalent in foreign currency), financial assets (net of any related liabilities) that exceed $1 million (or its equivalent in foreign currency) or total net personal assets that exceed $2 million (or its equivalent in foreign currency). Where the card issuer intends to permit the Singapore guarantor’s aggregate outstanding card amount to exceed the Singapore guarantor’s maximum credit limit, or the Singapore guarantor’s total outstanding unsecured amount to exceed the Singapore guarantor’s overall credit limit, documents to verify that either the Singapore guarantor’s annual income is at least $120,000 (or its equivalent in foreign currency), the Singapore guarantor’s financial assets (net of any related liabilities) exceed $1 million (or its equivalent in foreign currency) or the Singapore guarantor’s total net personal assets exceed $2 million (or its equivalent in foreign currency); and, in any other case, documents to verify the annual income of the Singapore guarantor.5.A Singapore cardholder, other than one referred to in item 4, who has been issued a guaranteed credit card or guaranteed charge card pursuant to regulation 8(2)(b)(iv) Documents to verify the annual income of the Singapore guarantor.Note: For the avoidance of doubt, where a Singapore cardholder falls into more than one of the categories referred to in items 1 to 4, a card issuer shall be required to obtain documents for each category the Singapore cardholder falls into.[S 261/2017 wef 01/06/2017]