Formulating Credit and Collection Policies

A Credit and Collection Policy is a critical component of any organization’s financial governance—both for financial and non-financial institutions. This policy establishes a structured, consistent, and transparent framework for managing lending activities, sales on installment and receivables. It defines the organization’s approach to credit evaluation, approval, monitoring, and collection, ensuring that all credit-related decisions are guided by clear standards rather than subjective judgment.

At the end of the seminar, the participants are expected to:

1. Demonstrate a clear understanding of the key principles, components, and regulatory considerations involved in credit and collection policy formulation.

2. Learn or enhance their skill in drafting Credit and Collection Policy tailored to their organization’s needs, incorporating best practices and risk management strategies.

3. Continuously enhancing and innovating existing Credit and Collection Policies to adapt to changing market conditions, regulatory requirements, and organizational needs.

4. Create an action plan for implementing, communicating, and monitoring the policy within their institution…