New Accounts – Approval Rate Targets Sample Clauses

New Accounts – Approval Rate Targets a) Private Label Target Approval Rate (adjusted for duplicates as described above) – for use prior to Systems Conversion Date: [redacted]

New Accounts – Approval Rate Targets. Private Label Target Approval Rated (adjusted for duplicates as described above) – for use prior to Systems Conversion Date: [redacted] • Target Approval Rated – Non-Internet (includes POS applications) (adjusted for duplicates as described above) – for use after the Systems Conversion Date: [redacted] • Internet Approval Rated -- (adjusted for duplicates as described above) – for use after the Systems Conversion Date: [redacted] • The Internet Approval Rate target will be validated and changed as appropriate as of the Systems Conversion Date to equal the most immediate [redacted] months trailing average internet approval rate prior to the Systems Conversion Date (provided that, with respect to tests initiated after the Effective Date, Credit Card Applications submitted by customers included in the test population that would have been declined prior to implementation of the test shall not be included as approved Credit Card Applications for purposes of determining such trailing average approval rate). • For Internet only, fraud declines which are included in approval rate measurement, have been base lined at [redacted] of applications. In the event this percentage increases or decreases by more than [redacted], the target will be adjusted by the relative impact of such variance on approval rates once the variance level has been tripped, either upward or downward, as appropriate. • Citi and Macy’s agree to modify the Targets to account for any new agreed upon or unintended material changes in process or practice around duplicate and derogatory Account checks, or material changes in Private Label fraud strategies.