CAT / FIA FFM Syllabus F. Credit Management - Internal and external sources of information - Notes ^{3 / 7}

The decision to grant credit to customers is the job of the credit manager.

In determining credit limits, the manager takes into consideration market intelligence.

Sources of information are:

Internal:

• This is based on the experience acquired over time, thanks to the long-term relationship with a customer

External:

• Data obtained as a result of credit checkings (with credit agencies) or from publicly available sources.

The resulting information must be evaluated and a decision taken as to how much credit to approve for individual customers.