CC 4,5

Front

general guideline on how to act in ordinary or extra-ordinary situations that recur from time to time, bearing in mind the accomplishment of established company objectives.

Back

policy

Front

guides in the performance of the credit functions of the company

Back

credit policies

Front

Policies exist at several levels: company, ______ or department policies.

Back

major division

Front

The strength of credit power at any time is a function of two factors affecting the credit risk and credit policy. ___ , ___

Back

factors external to the risk, factors inherent in the risk.

Front

External Factors: A stage that impacts directly consumer and industrial demand, sales, supply, prices, profitability, etc., which in turn affect profit margins and cash flows.

Back

business cycle

Front

External Factors: A stage that impacts directly consumer and industrial demand, sales, supply, prices, profitability, etc., which in turn affect profit margins and cash flows.

Back

business cycle

Front

These represent the two overall tools used by the government to conduct its economic policy. These two policies set the framework within which the economy operates influencing the flow of funds, business priorities, jobs, etc.

Back

monetary and fiscal policies

Front

Affects the level of interest rates and the availability of funds which impacts on both the creditors' appetites and those of their borrowers for funds.

Back

monetary policy

Front

Influences the channeling of funds and spending patterns. Changes in government spending directly or indirectly impact the borrowers’ businesses.

Back

fiscal policy

Front

The environmental climate needs to be kept in mind as swings in priorities may affect the borrower. Options: political

Back

political