Updated PCC modules to be examinable beginning 1 June 2021

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Updated PCC modules to be examinable beginning 1 June 2021


24 Feb 2021

For the attention of:

  • Banks’ Learning & Development Departments/Divisions
  • Professional Credit Certification (PCC) Trainers
  • Candidates of Updated Professional Credit Certification


AICB is pleased to inform you that the study texts for Certified Credit Executive (CCE), Business Credit Professional (BCP) and Retail Credit Professional (RCP) under the Professional Credit Certification (PCC) qualification were updated and uploaded onto AICB's Member Portal – Online Learning on 24 August 2020. Kindly note that these revisions will be examinable on updated PCC modules beginning 1 June 2021.


To ensure a smooth learning journey, AICB has developed a Summary Guide below, which is also available on the Member Portal.


1.0 What has changed in the current study text?

The table below shows the updates by module.


1.1 Non-Act related Updates


1.2 Act-related Updates



2.0 How do I read the updates?

  • We have uploaded the updated content on AICB's Member Portal – Online Learning.
  • The following are examples on how to refer to the updates.
    • Example 1


  • Example 2


  • Example 3


3.0 How would the examination be impacted following the updates?

Please refer to the examples below. Certain questions could have different answers following updates to the study texts.

Example 1: RCP Module 2

Previous ContentRevised Content

A customer seeks financing from your bank to finance the purchase of 2 adjacent units of apartments in a newly launched mixed development in Shah Alam. The purchase price for each unit is RM450,000 with a built-up area of 750 sqft.

Assuming the approved margin of financing is 90%, based on the Third Schedule of SPA:

How much would have been paid to the developer at the stage just prior to vacant possession of the units?

a. RM900,000
b. RM810,000
c. RM720,000 (Answer)
d. RM675,000

Answer: d. RM675,000

Sect 2.11.5 (revised content – Update No. 26), Regulations Affecting Housing Development (Third Schedule H).

From 80% to 75%

[NB : 75% x total SPA price RM900,000 = RM675,000]

Example 2: BCP Module 3

Previous ContentRevised Content

BNM requires Financial Institutions to maintain a minimum SRR Ratio of:

a. 2%
b. 3%
c. 4% (Answer)
d. 5%

Answer: a. 2%

Sect 2.11.5 (revised content Update No. 11), New Statutory Reserve Requirement (SRR) Ratio.

In March 2020, BNM announced that the SRR ratio will, with immediate effect, be lowered by 100 basis points from 3% to 2% in an effort to shore up liquidity in the banking system due to current pressure on the Malaysian economic situation.

Example 3: CCE Module 2

Previous ContentRevised Content

A private limited company has 20,000 shares. What will be the company’s share capital?

a. Depends on the nominal value of the share (Answer)
b. Determined by the directors
c. Depends on the real value of the share
d. Depends on the market value of the share

Answer : b. Determined by the directors

Sect 4.4.4 (revised content Update No. 4).

Introduction of the no par value shares (NPV) regime. Shares are issued at a price to be determined by the directors.