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Seminar
Description
The Affordability Best Practices Seminar, hosted by PIC Solutions,
is a one-day seminar. The newly developed courseware includes
suggestions and recommendations relating to the implementation of
adjustments to policies and procedures required by the National
Credit Act. This seminar is practically focused and international
best practice concepts are reinforced using practical case studies
and exercises.
This approach, combined with highly experienced presenters, ensures
that delegates return to their work environments with a clear
understanding of the concepts and practical implications of best
practice affordability modelling. Furthermore, the lively debate and
interaction between delegates and presenters guarantee an enjoyable
yet valuable learning experience.
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Seminar Contents
Leading experts in the credit management arena will cover the
following topics in this intensive one-day seminar:
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The impact of the National Credit Act on existing affordability
models.
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Affordability modelling vs. predictive statistical models.
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Improve your credit decisions by incorporating affordability
modelling.
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Analysing and setting affordability models according to your
company goals and legal regulations.
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Key Benefits
This seminar will empower you to:
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Understand the impact of the National Credit Act on your
existing affordability models.
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Review the impact of affordability modelling on predictive
statistical models.
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Recognise how the appropriate use of an affordability
calculation can improve the quality of the credit decisions
made.
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Value affordability models as an effective tool within consumer
credit management.
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Why Should you attend this Seminar?
Traditionally, the
accept/reject decision has been based on using predictive
statistical models such as application scorecards, giving the
control to the organisation to set the acceptance rate according to
the company goals.
The use of an affordability model within the application process is
another tool by which management can set the accept reject
conditions given the company goals, as within any affordability
metric there is an assumption made regarding the make-up of existing
commitments, day-to-day living costs, and costs for dependants.
These assumptions are typically encoded as factors within the
affordability calculation that can be altered, given historic
information.
This seminar provides insight into these and other critical credit
risk questions.
Who is this seminar aimed at?
Everyone involved with
the calculation of credit limits and spend within your organisation.
Previous seminars have been attended by the following consumer
credit professionals:
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Risk Managers
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Risk Analysts
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Collections Managers
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Credit Managers
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Finance Managers
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The
South African Credit Environment
Assessing
affordability within a credit decision is becoming a worldwide focus
for credit lenders. In South Africa, the National Credit Act will
regulate the application of a financial means test for all credit
decisions made by South African lenders from June 1st 2007.
The affordability test is one step in the credit granting process.
The output from this step should be: an accept and a calculated
lending limit based on affordability or reject decision based on
affordability.
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Pre-requisites
The seminar assumes some familiarity with the credit industry.
Materials
All attendees receive the Affordability Best Practices Seminar
binder. A Certificate is awarded to all delegates that complete the
seminar. |
