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With IFRS 9, issuers will be looking at ways to prevent credit card accounts moving from stage 1, where they must provision for a 12-month expected loss (based on the balance and a proportion of the remaining limit), to stage 2, where this moves to a lifetime losses provision. to 3 times higher than that of those with a Direct Debit.
While pending transactions temporarily reduce your availablebalance, they dont affect your current balance until they clear. During this pending period, the transaction details are being processed and are awaiting final confirmation by the credit card issuer or payment processor.
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