Credit Risk. Accounts that are otherwise determined to be unacceptable by Agent in its Permitted Discretion, upon the delivery of prior or contemporaneous notice (oral or written) of such determination to the Borrower;
Credit Risk. (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:
(a) procedures to strengthen credit administration, underwriting, and problem loan identification particularly in the commercial, commercial real estate, and agricultural loan portfolios as outlined in the Report of Examination; and
(b) procedures to strengthen management of lending operations and to maintain an adequate, qualified staff in all functional areas;
(c) The Board shall submit a copy of the program to the Assistant Deputy Comptroller.
(d) 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 Board shall submit a copy of this assessment to the Assistant Deputy Comptroller.
(2) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.
Credit Risk. 5.1. When trading CFDs the client is effectively entering into an off-exchange or over-the-counter (“OTC”) transaction, this implies that any position opened with INFINOX cannot be closed with any other entity.
5.2. OTC transactions may involve greater risk compared to transactions occurring on regulated markets, for example traditional exchanges; this is due to the fact that in OTC transactions there is no central counterparty and either party to the transaction bears certain credit risk (or risk of default).
Credit Risk. If at any time the responsibility of Customer or the credit risk of Customer shall become unsatisfactory to AmSpec, AmSpec may require cash payment in advance of Services rendered, or security satisfactory to AmSpec prior to performing the Services.
Credit Risk. (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:
(a) procedures to strengthen credit underwriting, particularly in the commercial real estate portfolio; and
(b) procedures to ensure the Bank engages in strong collection efforts commensurate with the level of credit risk.
(2) The Board shall submit a copy of the program to the Assistant Deputy Comptroller.
(3) 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 Board shall submit a copy of this assessment to the Assistant Deputy Comptroller.
(4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.
Credit Risk. The risk that the government, entity or company that issued the bond will run into financial difficulties and will not be able to pay the interest, or repay the principal, at maturity. Credit risk applies to debt investments such as bonds. You can evaluate credit risk by looking at the credit rating of the bond. For example, long-term UK government bonds tend to have a credit rating of AA, which indicates the second lowest possible credit risk.
Credit Risk. DISTRIBUTOR bears all credit risk with respect to all sales of Products and Services by DISTRIBUTOR or VAR. Failure of the VAR or End-User to pay DISTRIBUTOR for Products or Services does not relieve DISTRIBUTOR of DISTRIBUTOR'S obligation to pay GUPTA for such Products and Services.
Credit Risk. (1) Within sixty (60) 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.
(2) The program shall include, but not be limited to:
(a) procedures to strengthen credit underwriting, particularly in the commercial real estate loan portfolio;
(b) procedures to strengthen management of loan operations and to maintain an adequate, qualified staff in all lending functional areas;
(c) procedures for strengthening collections; and
(d) an action plan to control loan growth. The Board shall promptly submit a copy of the program to the ADC.
(3) 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 Board shall submit a copy of this assessment to the ADC.
Credit Risk. 14.1 Should the Bank, Issuer or trading counterparty for a Unit Trust become unable to meet its financial obligations, there is a possibility that the investment may lose its value and the associated trading costs and profits may not be recoverable. The Customer should be aware that in making any Investment, the Customer is potentially subject to the credit risk of the Bank or the Issuer, and their abilities to meet their respective financial liabilities in respect of the investment.
