德勤-信用风险管理PPT推荐.ppt

德勤-信用风险管理PPT推荐.ppt

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CreditRiskManagementEnhancingYourBottomLineEbrahimEbrahimShabudinShabudinManagingDirectorManagingDirectorDeloitte&@#@ToucheLLPDeloitte&@#@ToucheLLPTheAFP23rdAnnualConferenceNewOrleansNovember3-6,2002CreditBackgroundThoroughidentificationandaccurateThoroughidentificationandaccuratemeasurementofcreditrisk,supportedbystrongmeasurementofcreditrisk,supportedbystrongriskmanagementcanhelpimprovethebottomriskmanagementcanhelpimprovethebottomlineline.Anuncertainandvolatileeconomic.Anuncertainandvolatileeconomicenvironmentsignificantlyimpactsthisabilityenvironmentsignificantlyimpactsthisability.Thedesiretogrowandturninoutstanding.ThedesiretogrowandturninoutstandingresultshasatendencytoputpressureontheresultshasatendencytoputpressureonthechecksandbalanceswithinbusinesseschecksandbalanceswithinbusinessesValuePropositionCreditplaysacriticalrolein“selling”productsandservicesCreditplaysacriticalrolein“selling”productsandservicesExpandsrevenueopportunitieswithcreditworthy,incrementalExpandsrevenueopportunitieswithcreditworthy,incrementalcustomerscustomersUtilizesinnovativestructurestosupportbusinessrelationshipsUtilizesinnovativestructurestosupportbusinessrelationshipsEffectivecreditriskmanagementlimitscreditlossesandprovidesEffectivecreditriskmanagementlimitscreditlossesandprovidesstablecashflowsandearningsstablecashflowsandearningsMarketplacerewardscompaniesexhibitingearningsandcashflowMarketplacerewardscompaniesexhibitingearningsandcashflowstabilitywithhigherP/EmultiplesstabilitywithhigherP/EmultiplesMarketplacepenalizescreditinducedvolatilityand“surprises”Marketplacepenalizescreditinducedvolatilityand“surprises”RaisesquestionsaboutqualityofmanagementRaisesquestionsaboutqualityofmanagementCorporateCreditRiskCompaniesareexposedtosignificantlevelsCompaniesareexposedtosignificantlevelsofcreditriskemanatingfromdifferentsourcesofcreditriskemanatingfromdifferentsourcesAccountsReceivablesAccountsReceivablesOtherNotesReceivablesOtherNotesReceivablesBuyerandFranchiseFinancingBuyerandFranchiseFinancingWithRecourseFinancingWithRecourseFinancingProjectFinanceProjectFinanceStructuredTransactionsStructuredTransactionsLeaseswithRecourseLeaseswithRecourseDerivativesExposuresDerivativesExposuresFX,InterestRateRisk,Commoditiesetc.FX,InterestRateRisk,Commoditiesetc.CollateralRiskCollateralRiskParentorThirdPartyGuaranteesParentorThirdPartyGuaranteesCommercialandStandbyLettersofCreditCommercialandStandbyLettersofCreditNotealsothatCriticalSupplierstothecompanyNotealsothatCriticalSupplierstothecompanymayposespecificcreditriskmayposespecificcreditriskDSOImpactanexampleActualActualCompanyACompanyAPeerAveragePeerAverageQ3A/RQ3A/R$295,396,000$295,396,000Q3SalesQ3Sales$261,201,000$261,201,000DSOs=DSOs=124*124*51.351.3HypotheticalHypotheticalDDCashCashDSOsDSOs51.351.3Q3SalesQ3Sales$261,201,000$261,201,000Q3A/R=Q3A/R=$122,002,230$122,002,230+$173,393,770+$173,393,770*Equals295.4M/261.2Mx90（ornumberofdaysinsalesperiod）Equals295.4M/261.2Mx90（ornumberofdaysinsalesperiod）CreditasaFacilitatorCreditriskmanagementisimportantCreditisafacilitatorofbusinessgrowthandCreditisafacilitatorofbusinessgrowthandperformanceperformanceHighbusinessmarginstendtoattractlowerqualityHighbusinessmarginstendtoattractlowerqualityclientsandthereforehigherriskprofiletomanageclientsandthereforehigherriskprofiletomanageClients（buyers）maybeconcentratedinselectedClients（buyers）maybeconcentratedinselectedindustriesandprovidelimitedportfoliodiversificationindustriesandprovidelimitedportfoliodiversificationopportunityopportunityPoorcreditriskmanagementresultinginnegativePoorcreditriskmanagementresultinginnegativeimpacttobottom-lineisheavilypenalizedbymarketsimpacttobottom-lineisheavilypenalizedbymarketsCreditStrategy&@#@RiskToleranceuSpecificQuantifiableObjectivesuManagementReviewMethodologyuCreditStrategyStatementandRiskToleranceuCoordinationwithBusinessPlanThebusinessstrategiesandobjectivesdrivetheestablishmentofcreditpoliciesandprocedures.Measurementandreportingaswellastheuseofcurrenttechnologiesenhancecreditdecision-makingandimproveriskmanagement.Theentireprocessiscontinuallyre-evaluatedandimproved.CreditRiskAreastoConsiderCreditPolicyCreditPolicyCreditApprovalCreditApprovalAuthorityAuthorityLimitSettingLimitSettingPricingTermsPricingTermsandConditionsandConditionsDocumentation:

@#@Documentation:

@#@ContractsandContractsandCovenantsCovenantsCollateralandCollateralandSecuritySecurityCollections,Collections,DelinquenciesDelinquenciesandWorkoutsandWork