AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Recent scandals like the Enron bankruptcy and the WorldCom accounting revelations have highlighted the case for effective risk management. While media coverage has focused on investor losses, the implications of the failures can scarcely be lost on credit managers. Some of your largest and apparently most successful customers can collapse on very short notice, leaving your business with millions of dollars in bad loans or uncollectable receivables.
One classic strategy for managing credit risk is syndication--distributing the risk for a particular credit arrangement across a wide spectrum of lenders so that no one party holds too great a share. This strategy also ...