Credit Decisions

Author by :
Languange : en
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Total Read : 37
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A Benefit Cost Model For Credit Decisions

Author by : Carl Grawford Greer
Languange : en
Publisher by :
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Total Read : 37
Total Download : 364
File Size : 48,9 Mb
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Strategic Credit Management

Author by : Sam N. Basu
Languange : en
Publisher by : John Wiley & Sons
Format Available : PDF, ePub, Mobi
Total Read : 31
Total Download : 827
File Size : 54,8 Mb
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Description : Timely, authoritative, prescriptive— an essential tool of survival in today's complex lending environment. . . "The subject matter of this book is important and topical. The authors combine a balance of scholarly and practitioner approaches to banking."—Edward Altman author of Handbook of Corporate Finance Leonard Stern School of Business, New York University "There is a market for this book. The industry has undergone significant changes over the past five years and we anticipate continued evolution in the foreseeable future. I recommend it."— Roger Tully Senior Vice President, United Jersey Bank In today's increasingly complex, fiercely competitive lending environment, Strategic Credit Management offers a balanced mix of scholarly analysis and practical hands-on advice and guidance. the authors: Review and analyze, in depth, the entire field of credit management in light of the changes occurring since deregulation began in the early 1980s Clearly identify the deep-rooted systemic problems that contribute to most credit management failures Offer a set of clear-cut guidelines for strategically reengineering your organization's credit management process Provide proven strategies and cutting-edge quantitative techniques for successful credit analysis, credit management, loan structuring, loan workouts, and more Outline a detailed, easy-to-implement program for management training and retraining Successive waves of deregulation/regulation occurring since the early 1980s. . . the rapid emergence of new, highly aggressive domestic and foreign competitors. . .the continuing erosion of the banking/S&L wholesale loan portfolio. . .these are just some of the major forces that have conspired to reshape the face of banking in America radically over the past several years. But no matter how different today's banks are from a generation ago, and no matter how many new products and services they now offer, their number one source of capital assets continues to be making loans. If they are to survive and thrive in the turbulent banking environment of the 1990s, commercial banking institutions must adopt a more versatile, far-reaching strategic approach to credit management suitable to today's increasingly complex, fiercely competitive lending environment. This book addresses these issues and provides a framework around which a modern credit management process can be built. Written by Sam N. Basu, a distinguished academic and banking professional, and Harold L. Rolfes, Jr., a banking and investment professional who has held executive positions at one of North America's most prestigious financial institutions, Strategic Credit Management provides commercial banking executives with a blueprint for strategic change in managing credit risk in the 1990s. The authors begin with an in-depth review and analysis of the entire field of credit management in light of the many changes that have swept the industry since deregulation began in the early 1980s. They then clearly identify the deep-rooted systemic problems that contribute to most commercial banks' lending failures. Working from the first principle that the objective of the credit management process isn't avoiding bad loans, but making good ones, they next offer a set of clear-cut guidelines and action steps that readers can take to strategically reengineer their organizations' credit management process. The authors provide proven strategies and cutting-edge techniques for successful credit analysis, credit management, loan structuring, and loan workouts. And they even outline a detailed, easy-to-implement program for management training with an emphasis on fostering the ability to adapt quickly to the ever-changing legal, regulatory, and market conditions surrounding credit management. Timely, authoritative, and prescriptive, Strategic Credit Management is an essential tool of survival in today's helter-skelter banking environment.


Banking Strategy Credit Appraisal And Lending Decisions

Author by : Hrishikesh Bhattacharya
Languange : en
Publisher by : Oxford University Press
Format Available : PDF, ePub, Mobi
Total Read : 36
Total Download : 686
File Size : 51,5 Mb
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Description : This book provides a thorough analysis of capital strategies, asset–liabilities management, and lending strategies within the overall framework of a lending organization. It presents methadologies for risk analysis, credit appraisal, and lending decisions with specific examples. Taking into account recent global developments, this revised edition includes three new chapters which discuss the impact of capital regulation on the risk attiude and profitability of banks, strategies to protect banks from a liquidity crisis, and the need for a portfolio approach in developing models for credit exposure and loan management within a risk–return framework. Using real life examples and case studies, this book imparts students and prefessionals wih required skills to manage finance and credit in banking and related fields in the financial sector. It is essential reading for researchers, aspiring and practising chartered accountants, bankers, financial analysts, and credit managers.


Consumer Credit And The American Economy

Author by : Thomas A. Durkin
Languange : en
Publisher by : Oxford University Press
Format Available : PDF, ePub, Mobi
Total Read : 31
Total Download : 101
File Size : 49,6 Mb
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Description : Consumer Credit and the American Economy examines the economics, behavioral science, sociology, history, institutions, law, and regulation of consumer credit in the United States. After discussing the origins and various kinds of consumer credit available in today's marketplace, this book reviews at some length the long run growth of consumer credit to explore the widely held belief that somehow consumer credit has risen "too fast for too long." It then turns to demand and supply with chapters discussing neoclassical theories of demand, new behavioral economics, and evidence on production costs and why consumer credit might seem expensive compared to some other kinds of credit like government finance. This discussion includes review of the economics of risk management and funding sources, as well discussion of the economic theory of why some people might be limited in their credit search, the phenomenon of credit rationing. This examination includes review of issues of risk management through mathematical methods of borrower screening known as credit scoring and financial market sources of funding for offerings of consumer credit. The book then discusses technological change in credit granting. It examines how modern automated information systems called credit reporting agencies, or more popularly "credit bureaus," reduce the costs of information acquisition and permit greater credit availability at less cost. This discussion is followed by examination of the logical offspring of technology, the ubiquitous credit card that permits consumers access to both payments and credit services worldwide virtually instantly. After a chapter on institutions that have arisen to supply credit to individuals for whom mainstream credit is often unavailable, including "payday loans" and other small dollar sources of loans, discussion turns to legal structure and the regulation of consumer credit. There are separate chapters on the theories behind the two main thrusts of federal regulation to this point, fairness for all and financial disclosure. Following these chapters, there is another on state regulation that has long focused on marketplace access and pricing. Before a final concluding chapter, another chapter focuses on two noncredit marketplace products that are closely related to credit. The first of them, debt protection including credit insurance and other forms of credit protection, is economically a complement. The second product, consumer leasing, is a substitute for credit use in many situations, especially involving acquisition of automobiles. This chapter is followed by a full review of consumer bankruptcy, what happens in the worst of cases when consumers find themselves unable to repay their loans. Because of the importance of consumer credit in consumers' financial affairs, the intended audience includes anyone interested in these issues, not only specialists who spend much of their time focused on them. For this reason, the authors have carefully avoided academic jargon and the mathematics that is the modern language of economics. It also examines the psychological, sociological, historical, and especially legal traditions that go into fully understanding what has led to the demand for consumer credit and to what the markets and institutions that provide these products have become today.


Financial Reporting For Security Investment And Credit Decisions

Author by : Morton Backer
Languange : en
Publisher by :
Format Available : PDF, ePub, Mobi
Total Read : 84
Total Download : 756
File Size : 48,7 Mb
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Description :


Credit Management

Author by : Richard M. V. Bass
Languange : en
Publisher by : Nelson Thornes
Format Available : PDF, ePub, Mobi
Total Read : 73
Total Download : 282
File Size : 55,7 Mb
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Description : The difference between success and failure for many companies is the reliability of their cash-flow. Since the first edition of this book, credit managers have seen many changes affecting their profession - new insolvency and company law legislation, changes in the operations of ECGD and other credit insurers, and better access to credit data through the spread of information technology. The book's emphasis is on credit management as a positive force, making a real contribution to profits. Intended for practising credit managers, credit controllers and their staffs, and for students, the book should also be of value to finance directors and accountants.


Building Assets Building Credit

Author by : Nicolas P. Retsinas
Languange : en
Publisher by : Brookings Institution Press
Format Available : PDF, ePub, Mobi
Total Read : 11
Total Download : 554
File Size : 50,9 Mb
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Description : Poor people spend their money living day to day. How can they accumulate wealth? In the United States, homeownership is often the answer. Homes not only provide shelter but also are assets, and thus a means to create equity. Mortgage credit becomes a crucial factor. More Americans than ever now have some access to credit. However. thanks in large part to the growth of global capital markets and greater use of "credit scores," not all homeowners have benefited equally from the opened spigots. Different terms and conditions mean that some applicants are overpaying for mortgage credit, while some are getting in over their heads. And the door is left wide open for predatory lenders. In this important new volume, accomplished analysts examine the situation, illustrate its ramifications, and recommend steps to improve it. Today, low-income Americans have more access to credit than ever before. The challenge is to increase the chances that homeownership becomes the new pathway to asset-building that everyone hopes it will be.


Managing Credit Risk

Author by : John B. Caouette
Languange : en
Publisher by : John Wiley & Sons
Format Available : PDF, ePub, Mobi
Total Read : 31
Total Download : 641
File Size : 40,8 Mb
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Description : The first full analysis of the latest advances in managing credit risk. "Against a backdrop of radical industry evolution, the authors of Managing Credit Risk: The Next Great Financial Challenge provide a concise and practical overview of these dramatic market and technical developments in a book which is destined to become a standard reference in the field." -Thomas C. Wilson, Partner, McKinsey & Company, Inc. "Managing Credit Risk is an outstanding intellectual achievement. The authors have provided investors a comprehensive view of the state of credit analysis at the end of the millennium." -Martin S. Fridson, Financial Analysts Journal. "This book provides a comprehensive review of credit risk management that should be compulsory reading for not only those who are responsible for such risk but also for financial analysts and investors. An important addition to a significant but neglected subject." -B.J. Ranson, Senior Vice-President, Portfolio Management, Bank of Montreal. The phenomenal growth of the credit markets has spawned a powerful array of new instruments for managing credit risk, but until now there has been no single source of information and commentary on them. In Managing Credit Risk, three highly regarded professionals in the field have-for the first time-gathered state-of-the-art information on the tools, techniques, and vehicles available today for managing credit risk. Throughout the book they emphasize the actual practice of managing credit risk, and draw on the experience of leading experts who have successfully implemented credit risk solutions. Starting with a lucid analysis of recent sweeping changes in the U.S. and global financial markets, this comprehensive resource documents the credit explosion and its remarkable opportunities-as well as its potentially devastating dangers. Analyzing the problems that have occurred during its growth period-S&L failures, business failures, bond and loan defaults, derivatives debacles-and the solutions that have enabled the credit market to continue expanding, Managing Credit Risk examines the major players and institutional settings for credit risk, including banks, insurance companies, pension funds, exchanges, clearinghouses, and rating agencies. By carefully delineating the different perspectives of each of these groups with respect to credit risk, this unique resource offers a comprehensive guide to the rapidly changing marketplace for credit products. Managing Credit Risk describes all the major credit risk management tools with regard to their strengths and weaknesses, their fitness to specific financial situations, and their effectiveness. The instruments covered in each of these detailed sections include: credit risk models based on accounting data and market values; models based on stock price; consumer finance models; models for small business; models for real estate, emerging market corporations, and financial institutions; country risk models; and more. There is an important analysis of default results on corporate bonds and loans, and credit rating migration. In all cases, the authors emphasize that success will go to those firms that employ the right tools and create the right kind of risk culture within their organizations. A strong concluding chapter integrates emerging trends in the financial markets with the new methods in the context of the overall credit environment. Concise, authoritative, and lucidly written, Managing Credit Risk is essential reading for bankers, regulators, and financial market professionals who face the great new challenges-and promising rewards-of credit risk management.


Inventory And Credit Decisions Under Day Terms Credit And Stock Dependent Demand

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Languange : en
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Total Read : 43
Total Download : 646
File Size : 49,7 Mb
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Description : Selling on credit is used by the firm as a marketing strategy to stimulate their demand. Credit period through its influence on demand becomes a determinant of inventory decision and inventory sold on credit-terms gets converted to accounts receivable. Hence, inventory and credit-terms decisions are interrelated which should be coordinated and determined simultaneously. Moreover, in addition to credit period the inventory-levels would also have a stimulating effect on demand. Thus, in an inventory system with credit-linked demand the impact of stock-dependent demand phenomenon which arises naturally due to customers' psychology must also be considered in order to obtain optimal inventory and credit granting decisions. Consequently, in this article, a mathematical model is developed to jointly determine optimal inventory and credit decisions in an inventory system when demand is dependent on day-terms credit period as well as on instantaneous inventory-level. The model is developed using discounted cash flow approach and the objective is to maximise the present value of net profit per unit time. Finally, numerical example and sensitivity analysis have been presented to illustrate the effectiveness of the proposed model.