Brand new revealing away from loan standard costs very first used on loans awarded for the 1998-99 For those financing, organizations that have a beneficial 1997 standard speed 15 percentage situations or higher above the 1997 provincial mediocre regarding 23.5% had been necessary to display the cost of defaults. To own loans issued in 1999-00, the policy placed on institutions that have good 1997 standard rate ten commission situations or more above 23.5%. To possess finance approved from inside the…