德勤-信用風(fēng)險(xiǎn)管理-資料下載頁
【導(dǎo)讀】EbrahimShabudin. ManagingDirector. Deloitte&ToucheLLP. NewOrleans. November3-6,2002. CreditBackground. line. ValueProposition. customers. –ProjectFinance. –LeaseswithRecourse. –FX,InterestRateRisk,Commoditiesetc.CollateralRisk. DSOImpact…anexample. Q3A/R$295,396,000. Q3Sales$261,201,000. \DSOs=124*. HypotheticalDCash. DSOs. Q3Sales$261,201,000. \Q3A/R=$122,002,230+$173,393,770. performance. opportunity. CreditStrategy&RiskTolerance. ManagementReview. Methodology. CreditObjectives. andRisk. Tolerances. CreditPolicies. CreditRisk. Management. Processes. Reporting. Cr. edi. t. Strateg. y. /Pla. n. Common. Per. form. anc. e. M. etrics. RiskTolerance. Plan. CreditPolicy. CreditApproval. Authority. LimitSetting. PricingTerms. andConditions. Documentation:. Contractsand. Covenants. Collateraland. Security. Collections,Delinquencies. andWorkouts. Exposure. Management. –Aggregation. –Contro
【正文】 omments Risk Assessment and Limit Management Credit Infrastructure and Portfolio Management Credit Analytics Support Credit Technology Enablement ? Credit Quality ? Credit Underwriting ? Risk Rating System Effectiveness ? Counterparty and Portfolio Limits ? Organizational Structure ? Policies and Procedures ? Technology Selection and Implementation ? Problem Asset Management ? Risk Rating Calibration ? Transaction Pricing, Structure and Support ? Default Probability and Recovery Calibration ? Credit Reserve Methodology ? Risk Based Pricing Models ? Risk Adjusted Return Analysis ? Portfolio Value Measurement ? Credit Risk Measurement ? Credit Performance Scorecards ? Internal Software ? External Vendor Software Appendix: Business Proposal Checklist Business Proposal Summary – Customer, Rating, Legal Status, Line of Business – Guarantor, if any…same – Collateral, if any…true value explained – Other Support, if any... Legal or moral only – The Transaction…risks and mitigation – Amount, purpose, terms and conditions – Sources of repayment… clearly identified – Client payment history and relationship Appendix: Business Proposal Checklist Rationale and Analysis – Customer, Guarantor, Collateral, Support – Facility Description Amount, purpose, tenor, pricing, terms, conditions, covenants, restrictions etc. Consider affect on above . new leverage Facility Rating? – Repayment Capacity Future cash flow, conversion of assets etc. – Consistency with Credit Strategy and Policy Confirm, and identify any exceptions to policy, underwriting standards, or process Risk adjusted return acceptability Appendix: Business Proposal Checklist Client Relationship – Business strategy: increase, maintain or decrease exposure or exit relationship – Consider relation to rating, latest risk profile and payment performance – Customer profitability: risk adjusted return, revenue, fees, direct and allocated costs etc. – Any conflicts of interest or special concerns Appendix: Business Proposal Checklist Macro Analysis – Business Environment Review Customer’s petitive market position and future industry prospects: size, cycle, volatility, new entrants Strength of customer’s business and financial strategies – Management Evaluation: petency, experience and effectiveness Appendix: Business Proposal Checklist Customer Analysis – Company history, background, objectives and performance – Relevance and strength of future business plans Consider seasonality and scenario analysis – Primary and secondary sources of repayment – Historical financial capacity and analysis of future performance: sales, profitability, working capital, liquidity, cash flow, leverage, tangible worth etc. Quality of earnings Absolute and ratio analysis Peer parisons Appendix: Business Proposal Checklist Strengths, Weaknesses and Remendation – Key factors that could jeopardize collection: environment or pany specific – Any mitigating factors – Consider probability and impact – Consider all sources of repayment: primary, secondary and tertiary, including access to capital markets, refinancing etc. – Summarize strengths and weaknesses and conclude with a remendation
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