Loan Packaging and Approval Quiz

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ProlificKnowledge
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10 Questions

The length of time remaining before a financial contract expires and can be given in years, months or days is referred to as?

False

Should the account be denied, what notice shall likewise be sent?

False

What does the presentation of the credit facilities that will be granted to a client refer to?

False

What must repayment mode and tenor be based on?

False

Which document contains the highlights of the credit proposal?

False

In structuring the terms and conditions of a credit transaction, the fund matching principle must be observed.

True

The credit approval process should not be based on a system of checks and balances.

False

Prudent credit practice requires that persons empowered with the credit approval authority should also have the customer relationship responsibility.

False

It would be imprudent to require approval of two officers on a credit application, regardless of the nature and size of credit.

False

An officer's initials or signature is not considered their own unique password.

False

Test your knowledge on loan packaging and approval process, including factors to consider in structuring credit terms, loan negotiation items, and understanding concepts like maturity and tenor.

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