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Bankpolicies.com® |
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Product Update Notification - 11/16/09 Commercial Loan Policy Update Details What's New Topic 24 - Leveraged Financing. Includes the following subtopics: General Portfolio Limits and Analysis Underwriting Guidelines Credit Analysis and Review Determining Enterprise Value Rating Leveraged Financed Loans Loan Review Problem Loan Management Distributions Participation Purchased Conflicts of Interest Securities Laws and Other Legal Considerations What's Revised Topic 2 - Policy Statement. A new subtopic entitled "Portfolio Management" was added. In addition, the following subtopics were revised: General - Bullet points and final paragraph were revised. Portfolio Diversification and Concentrations - New paragraphs two - five, related chart and note summary were added. In addition, a new paragraph and subsequent bullet points 1-4 were added prior to the final two paragraphs. Topic 5 - General Credit Underwriting Guidelines. The following subtopics were added: Product Definition Access to Legal Counsel Documentation and Commercial Loan File Requirements The following subtopics were revised: General - Entire contents. Desirable Loan Types - Entire contents. Undesirable Loan Types - Entire contents. General Underwriting Guidelines - New paragraphs and related bullet points were added to bullet point 4 - Strength of the Business. Credit Analysis Process - New paragraphs two - five. In addition, bullet point 1 - Summary of the Request was completely revised. Renewals and Special Reviews - New paragraphs and bullet points were added before the final two paragraphs. Topic 6 - Short Terms Loans. The entire contents of the "Purpose" subtopic were revised. Topic 8 - Asset Based Loans and Formula Lines of Credit. Formerly entitled "Formula Lines of Credit," the entire contents of the following subtopics were revised: General Purpose Collateral Account Receivables Audits Loan Agreement and Borrowing Base (both subtopics now combined) Topic 9 - Term Loans. The entire contents of the following subtopics were revised: General Purpose Loan Agreement Topic 15 - Participation Loans. A new subtopic entitled "Leveraged Lending" was added. Ordering Information This product is available to purchase from Bankpolicies.com for: $425.00 - List Price - or - $75.00* - Update Price *Applies only to clients who have purchased the Commercial Loan Policy Template within the last three years including the following updates (if applicable): Commercial Loan Policy Template Update - 04/06/09 - $50.00 Commercial Loan Policy Template Update - 03/20/07 - $100.00 If you have ordered this product after 10/16/09 you are eligible to receive the product update at no charge. Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies). NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com. Find Out What's New or Revised with our Product Update Program Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service. |