Credit Background l    Thorough identification and accurate measurement of credit risk, supported by strong risk management can help improve the bottom line l    …..An uncertain and volatile economic     environment significantly impacts this ability l    …..The desire to grow and turn in outstanding     results has a tendency to put pressure on the     checks and balances within businesses Value Proposition l    Credit plays a critical role in “selling” products and services –    Expands revenue opportunities with creditworthy, incremental customers –    Utilizes innovative structures to support business relationships l    Effective credit risk management limits credit losses and provides stable cash flows and earnings –    Marketplace rewards companies exhibiting earnings and cash flow stability with higher P/E multiples –    Marketplace penalizes credit induced volatility and “surprises” l    Raises questions about quality of management