As at 30 September 2017, oil and gas support services non-performing assets amounted to SGD 3.0 billion, for which cumulative specific allowances of SGD 1.5 billion have been made. The specific allowances have been taken after applying significant haircuts to collateral valuations, which were further reduced during the quarter. General allowance reserves continued to be healthy at SGD 2.6 billion, which were in excess of both the 1% general allowance requirement by the MAS and the amount that would have to be set aside under FRS 109 from 1 January 2018.