Renegotiating A Credit Agreement
From Open Risk Manual
Definition
Renegotiating A Credit Agreement. In the context of the Financial Competence Framework, Renegotiating A Credit Agreement is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Renegotiating A Credit Agreement in financial literacy context requires the following competences:
| Code | Competency Description | Competency Type |
|---|---|---|
| 320 | Aware that it may be possible to renegotiate a credit agreement | Knowledge |
| 321 | Takes steps to stay informed about market changes when repaying credit and considers renegotiating unfavourable or unaffordable arrangements | Skill |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union
