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23 Cards in this Set
- Front
- Back
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Cretical document for any document for any business but especially one in the credit heavy |
Credit policy |
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Maximize the company revenue business |
The end goal of all credit policies |
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Generally not off the shelf or grab and go |
Credit policies |
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Extent can be the capital of a company |
Capital |
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Extent or period does the players |
Competition |
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Does your product or service lead or lag |
Product or service |
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The class of customer |
Kind of consumer or target market |
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The rediscount loans and advance which the bs is authorized to extent to banking institution under the provisions |
Credit policy section 81 -Guiding principle |
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Subject to the principle stated in the preceding section of act the bs may normally and regularly carry on |
Normal credit operation Section 82 - Authorized types of operation |
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The bs may rediscount,discount buy and sell bills acceptances promissory notes |
Commercial credits |
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The bs may extend loans and advantage to banking institution for a period of not more than seven days |
Special credit operation section 83- Loans for liquidity purposes |
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In periods of national and/or local emergency or of imminent financial panic which directly threaten monetary |
Emergency credit operation Section 84 - Emergency loans and advances |
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The bs rediscount,discount buy and sell acceptance promissory notes and other credit instrument (360 days) |
Production |
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Special credit instrument not other wise rediscountable under the immediately preceding sub section |
Other credits |
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The bs may grant advance agains the following kind of collateralls |
Advances |
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The bs shall collect interest and other appropriate charges on all loans and advances it extends the closure receivership |
Credit terms Section 85 - Interest and rediscount |
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The documents rediscount discounted bought or accepted as collateral by the bs in the course of the credit operation authorized in this article shall bear the endorsement |
Section 86 - Endorsement |
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Documents rediscount discount or accepted as collateral by the bs must be withdrawn by the borrowing institution on the dates of their maturities |
Section 87 - Repayment of credits |
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The monetary board may prescribe within the general powers granted to it under this Act additional condition which borrowing institution |
Section 88 - Others requirments |
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Is the process of determining the ability of a company or person |
Credit Analysis |
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Compilation of the policies working condition and behavioral expectation |
Employee handbook |
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The first step in credit analysis is to collect information of the applicant |
Step 1 collectionh information about the applicant |
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The loan officer should collect information about the source |
Step 3 collecting information about the recovery process |
