Writing a Credit Policy Making positive first impressions

Making positive first impressions

institutions have unfortunately been confronted with tough decisions

Describe the compliance programs required by Regulation CC

profitability

internal controls

Writing a Credit Policy Making positive first impressionsRight or wrong, credit policy is the organizations rule book for its credit risk management strategy, and it also reflects the organizations credit culture. Both the market and the regulatory agencies expect the credit policy to be accurate, current, and succinct so that both line and credit have unambiguous and clear direction on how to identify, evaluate, underwrite, approve, book and monitor creditworthy clients. A well crafted credit policy will