首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Often referred to as " the heart of a factoring organization" , the credit department is responsible for granting credit to clie
Often referred to as " the heart of a factoring organization" , the credit department is responsible for granting credit to clie
admin
2011-05-16
65
问题
Often referred to as " the heart of a factoring organization" , the credit department is responsible for granting credit to clients’ customers and for collecting the accounts receivable purchased by the factor. When factored clients submit customer orders for credit approval, the credit department analyzes the financial condition and credit worthiness of the customer, and then makes a decision to approve or decline the order. The department must then monitor the condition of approved customers and collect all due receivables. Careful credit checking and effective collection procedures in this department can greatly reduce the risks inherent in factoring.
As the head of the credit department, the credit manager is responsible for seeing that the department operates effectively. He must develop the factor’s credit policies in consultation with senior factoring associates, and he is in overall command of everything from credit and collections to bankruptcy and liquidations. If the factor is a commercial bank division, the credit manager is a bank’s vice president, and credit policy must also be approved by top management of the bank,
Assisting the credit manager may be several supervisors who have credit responsibilities of their own and who also oversee the analysis and approval of customer orders by the credit specialists. Credit supervisors typically spend about eighty percent of their time handling large customer orders. If a customer order exceeds a supervisor’s credit authority, he is responsible for making recommendations to the credit manager. A supervisor also reviews a subordinate’ s credit decision if the subordinate is unsure of the extent of the credit risk or if a client questions a particular credit decision.
In extremely large credit exposures, supervisors bear the responsibility for analyzing the credit position of the customers and deciding on credit limits. To do this, they must regularly obtain current data from various credit information sources. They must also have extensive contact with each customer to determine operational performance and progress. Frequently, supervisors are called upon to give advice on what should be done to improve a company’ s financial condition. Meeting all these responsibilities requires that each supervisor continuously observe and study the industries with which he is concerned, so that he is capable of anticipating market changes which may affect his accounts.
A supervisor’s major challenge is to maintain a fine balance between the demands of clients that all their customer orders be approved and the questionable financial position of some of the customers. In reviewing any credit decision, a supervisor must be capable of weighing a variety of elements, including the possibility of losing the client, the customer’ s credit position, and the extent of any possible loss.
"Credit exposures" probably means
选项
A、uncovered risks.
B、approved limits.
C、expected sums.
D、protected sources.
答案
A
解析
A项意为“信用风险”,B项意为“通过的限额”,C项意为“预期的数额”,D项意为“受保护的来源”。上文提到“the extent of the credit risk or if a client questions a particular credit decision”,此处紧承上文,作出表述,因而可推测“credit exposure”意为“信用风险”。
转载请注明原文地址:https://kaotiyun.com/show/ZRxd777K
本试题收录于:
公共英语四级笔试题库公共英语(PETS)分类
0
公共英语四级笔试
公共英语(PETS)
相关试题推荐
Americanschoosetheirpresidentonthe______.
Travelingcanbefunandeasy.Avacationtriptoanothercountryisespecially【21】______whenthetravelingconditionsareg
Accordingtogovernmentstatistics,menofallsocialclassesinBritainvisitpubsquiteoften,【21】______thekindofpubth
Accordingtogovernmentstatistics,menofallsocialclassesinBritainvisitpubsquiteoften,【21】______thekindofpubth
Accordingtogovernmentstatistics,menofallsocialclassesinBritainvisitpubsquiteoften,【21】______thekindofpubth
TheWorldHealthOrganization(WHO)isintrouble.Itsleaderisaccusedoftailingtolead,andastheorganizationdrifts,oth
WhichdepartmentisDr.Smithin?
WhichdepartmentisDr.Smithin?
随机试题
某公司以正常工作安排为由,拒绝支付员工加班费。员工不服,遂向当地劳动争议仲裁委员会申请仲裁。该委员会收到申请7日内决定受理,并于3个月后作出裁决,裁定某公司依法支付员工的加班工资及经济补偿金,裁决书于裁决当日送交双方当事人。根据上述材料回答下列问
呼吸衰竭急性加重和失代偿期的最常见诱因是
脊柱手术时,病人体位应是
方某与复员军人赵某结婚十余年,后方某因与赵某感情不和而起诉离婚,诉讼中双方为赵某婚后部队发给的复员费、医药补助费和回乡生产补助费的归属发生争议。方某坚持按夫妻共同财产分割,越某坚持系其个人财产。双方争议的前述费用法院应当()。
抗震设计时,控制多层砌体房屋最大高宽比的主要目的是()。
在浅埋地段、围岩自稳性差等不良地质条件下进行喷锚暗挖法施工时,为确保施工安全,加快施工进度,应采用辅助技术使开挖作业面围岩保持稳定。以下选项中不属于辅助技术的是()。
期货公司及其股东、实际控制人或者其他关联人,为期货公司提供相关服务的律师事务所、会计师事务所等中介服务机构涉嫌违反《期货公司管理办法》有关规定的,中国证监会及其派出机构可以对其负责人以及相关工作人员采取下列()措施。
资本总公式的矛盾是指______。
Windows98提供的网络服务器组件有______和个人Web服务器。
Subwaysareundergroundtrains,whichusuallyoperate24hoursaday.Theyarefoundinlargercitiesandusuallyrunbetweenth
最新回复
(
0
)