Credit risk obligation

  • What do you mean by credit risk?

    Definition.
    Credit Risk Policy is the set of formal instructions, typically documented and approved by internal governing bodies, that define in sufficient operational detail an organization's perception and attitude towards the range or credit risks it faces and desires to manage..

  • What is a credit obligation?

    A credit obligation is a legally binding agreement that a borrower undertakes guaranteeing repayment of a loan.
    A credit card agreement is one example of how a credit obligation is created..

  • What is credit risk policy?

    Obligor risks are studied to understand the probability of credit loss (viz. credit risk) from a single customer.
    Portfolio risk analysis attempts to examine credit risks on a wider scale and studies the likelihood of loss emanating from the exposure to particular classes of customers..

  • Who is responsible for credit risk?

    Senior management must be collectively responsible for the effective management of credit risk in line with the financial institution's approved credit risk strategy.
    Senior management must ensure that the credit risk strategy is implemented effectively, including by establishing a board-approved credit risk policy..

  • Credit Card Obligations means any obligations of the Borrower under credit card processing arrangements or other similar payment processing arrangements entered into in the ordinary course of business of the Borrower.
Credit Risk Obligation means any debt obligation that, in the Collateral Manager's commercially reasonable business judgment, has significantly declined in credit quality and has a significant risk of becoming, with a lapse of time, a Defaulted Obligation.

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