Credit Risk Management. 2. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank and the Department an acceptable written plan to strengthen credit risk management practices. The plan shall, at a minimum, address, consider, and include:
Credit Risk Management. (1) Within ninety (90) days, the Board shall develop, implement, and thereafter ensure Bank adherence to a written program to reduce the high level of credit risk in the Bank. The program shall include, but not be limited to:
Credit Risk Management. (1) Within sixty (60) days of this Agreement, the Board shall prepare, adopt and thereafter adhere to revisions to the Bank’s loan policy, as well as any necessary procedures, to address weaknesses in the Bank’s credit risk management and underwriting, that, at a minimum, include:
Credit Risk Management. Credit risk refers to the risk that a party will default on its contractual obligations resulting in a financial loss to Quiport. As a means of mitigating the risk of financial loss from defaults, Quiport requests guarantees, when appropriate, from commercial customers that operate and/or lease airport facilities. Management diligently monitors potential events that could affect customer risk. Trade accounts receivable are comprised of airline operators and commercial customers. Quiport monitors the performance of the most significant customers to identify significant risks of default or financial loss to the Corporation. The Company's potential credit risk would arise from the inability of debtors to meet their obligations according to the due dates. In view of the COVID 19 crisis, Management is constantly monitoring and evaluating this risk, as collection periods from third parties have increased. The Corporation provided payment facilities extending the collection terms, this situation has been considered in the evaluation of credit loss; the company has made the evaluation of the expected loss in accordance with IFRS 9 - Financial Instruments: Recognition and Measurement, which is reflected in the financial statements as of March 31, 2021. The Company provides its services mainly to companies in the aeronautical sector located in Ecuador; consequently, the credit risk is affected mainly by the characteristics of such sector. The Company's management has a credit policy duly established and monitors its exposure to risk on an ongoing basis, taking into consideration the payment behavior of customers and the terms and conditions of the provision of services established contractually. The Company recognizes an allowance for impairment, which represents its best estimate of losses to be incurred in relation to trade receivables. This estimate considers the loss based on the age of the balances pending recovery greater than 180 days (note 7).
Credit Risk Management. Each Mortgage Loan investment must be in accordance with the Company's credit risk management policies and underwriting criteria, including its policies or criteria, to the extent applicable, regarding loan-to-value ratios or loan-to-cost ratios, borrower and tenant credit quality, credit enhancement, collateral requirements, etc.
Credit Risk Management. (1) Within sixty (60) days, the Board must adopt, implement and ensure compliance with a written plan to properly identify, analyze, and manage risks in the loan portfolio. At a minimum, the plan must ensure the following written assessment is undertaken in connection with each origination, renewal, or modification of any extension of credit, after the date of this agreement, for any borrower whose aggregate commercial/commercial real-estate relationship is $100,000 or more:
Credit Risk Management. (1) The Bank shall take immediate and continuing action to develop, implement, and ensure Bank adherence to a written program to reduce the level of credit risk in the loan portfolio, improve the Bank’s loan portfolio management and correct each deficiency cited in the XXX. At least quarterly, the Board shall prepare a written assessment of the Bank’s credit risk, which shall evaluate the Bank’s progress under the aforementioned program. The written program and quarterly assessments shall be submitted to the Assistant Deputy Comptroller. The program shall include, but not be limited to:
Credit Risk Management. (1) The Board shall immediately direct the Oversight Committee to complete within ninety (90) days an evaluation of credit risk management personnel, policies, processes, and control functions. At a minimum, this evaluation shall assess the adequacy of:
Credit Risk Management. (a) Each Borrower hereby authorizes the Agent to:
Credit Risk Management. (1) Within ninety (90) days of this Agreement, the Board shall submit to the Assistant Deputy Comptroller for prior written determination of no supervisory objection a written program to improve the Bank’s loan administration and risk management practices. The program shall include, at a minimum:
