Sample Partial Preview Company Name Corporate Credit Policy Corporate Credit Policy TABLE OF CONTENTS Article I. Purpose ..................................................................................................................1 Article II. Organizational Credit Management Roles and Responsibilities............................1 Article III. Credit Review and Approval...................................................................................1 Article IV. Credit Enhancement...............................................................................................2 Article V. Credit Concentration Limits....................................................................................3 Article VI. Credit Risk Measurement.......................................................................................3 Corporate Credit Policy. Purpose Section 1.01 The Purpose of the Credit Policy is to ensure that _________ Corporation: (a) Assesses risks associated with customers, business segments and transactions to ensure business is conducted with entities that have acceptable financial risk profiles. (b) Protects its investment in accounts receivable. (c) Optimizes risk reward relationships and minimizes the risk of potential losses from default by customers and partners. Section 1.02 It is the intent that this Credit Policy support and operate in conjunction with all other policies and strategies of _________Corporation. Acle II. Organizational Management Roles and Responsibilities Section 2.01 EnCana Corporation’s Audit Committee is responsible for authorizing the Policy and delegating authority to the Chief Financial Officer for implementation and administration of the Policy. Section 2.02 The Chief Financial Officer is also responsible for reviewing the Policy on at least an annual basis, and has the authority to approve credit limits within the concentration limits as outlined in Article VI of the Policy and delegating credit limit approvals to Financial Risk Management. Section 2.03 The leadership of the Operating Divisions and Corporate Groups of ________ are responsible for ensuring that appropriate operating systems and interfaces are in place to ensure the accuracy, timeliness and integrity of reported information to Financial Risk Management required for credit monitoring and to ensure that their employees are aware of and abide by the Policy. | 
Instantly
