Credit Decisioning

From Open Risk Manual
(Redirected from Credit Approval Process)

Definition

Credit Decisioning (Also Credit Approval or Credit Granting Process) refers to the internal procedures followed by an organization in deciding to accept a certain Credit Risk, either as part of regular Credit Origination for banks and similar institutions or incidentally as part of engaging in other business which entails credit risk

Power to Accept Structures

Depending on the size and business model of the organization it may have a hierarchical structure of increasingly higher levels

  • Senior (central) management
  • Regional management
  • Branch management
  • Individual officers

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