Credit Appraisal

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Guidelines on Credit Risk Management
C r e d i t A p p r ova l P r o c e s s and Credit Risk Management

These guidelines were prepared by the Oesterreichische Nationalbank (OeNB) in cooperation with the Financial Market Authority (FMA)

Published by:
Oesterreichische Nationalbank (OeNB) Otto Wagner Platz 3, 1090 Vienna, Austria Austrian Financial Market Authority (FMA) Praterstrasse 23, 1020 Vienna, Austria

Produced by:
Oesterreichische Nationalbank

Editor in chief:
Gunther Thonabauer, Secretariat of the Governing Board and Public Relations (OeNB) ‹ Barbara Nosslinger, Staff Department for Executive Board Affairs and Public Relations (FMA) ‹

Editorial processing:
Gabriela de Raaij, Heidi Koller, Markus Lietz, Wolfgang Spacil, Doris Wanka (all OeNB) Ursula Hauser-Rethaller, Karin Zartl (all FMA)

Design:
Peter Buchegger, Secretariat of the Governing Board and Public Relations (OeNB)

Typesetting, printing, and production:
OeNB Printing Office

Published and produced at:
Otto Wagner Platz 3, 1090 Vienna, Austria

Inquiries:
Oesterreichische Nationalbank Secretariat of the Governing Board and Public Relations Otto Wagner Platz 3, 1090 Vienna, Austria Postal address: PO Box 61, 1011 Vienna, Austria Phone: [phone] Fax: [phone]

Orders:
Oesterreichische Nationalbank Documentation Management and Communication Systems Otto Wagner Platz 3, 1090 Vienna, Austria Postal address: PO Box 61, 1011 Vienna, Austria Phone: [phone] Fax: [phone]

Internet: http:/ /www.oenb.at http:/ /www.fma.gv.at

Paper:
Salzer Demeter, 100% woodpulp paper, bleached without chlorine, acid-free, without optical whiteners

DVR 0031577

Preface

The ongoing development of contemporary risk management methods and the increased use of innovative financial products such as securitization and credit derivatives have brought about substantial changes in the business environment faced by credit institutions

Bibliography: Arain, Karim: Management von Kreditausfallrisiken. Peter Lang, 2004. Bessis, Joel: Risk Management in Banking. 2nd ed. Wiley 2002. Bol, Georg (et.al) Ed.: Credit risk: Measurement, Evaluation and Management. Physica, 2003. Cossin, Didier & Hugues Pirotte: Advanced Credit Risk Analysis: Financial Approaches and Mathematical Models to Assess, Price and Manage Credit Risk. Wiley, 2000. Dicken, Andre Jacques: Kreditwurdigkeitsprufung. 3rd ed. Erich Schmidt, 2003. « ‹ ‹ Eller, Roland & Walter Gruber & Markus Reif (Eds.): Handbuch Gesamtbanksteuerung: Integration von Markt-, Kredit- und operationalen Risiken. Schaffer-Poeschel, 2001. ‹ ‹ Everling, Oliver & Walburga Sarcher: Rating-Lexikon. VOB-Service, 2003. Fuser, Karsten: Intelligentes Scoring und Rating: Moderne Verfahren zur Kreditwurdigkeitsprufung. Gabler, ‹ ‹ ‹ 2001. Gaeta, Gordian: The Certainty of Credit Risk: Its Measurement and Management. Wiley, 2002. Glantz, Morton: Managing Bank Risk: An Introduction to Broad-base Credit Engineering. Academic Press, 2003. Grof, Erika: Risikocontrolling und Kreditwurdigkeitsprufung: risikoorientiertes Bankencontrolling unter ‹ ‹ Berucksichtigung neuerer Bonitatsprufungesverfahren. Vienna: Linde, 2002. ‹ ‹ ‹ Grundke, Peter: Modellierung und Bewertung von Kreditrisiken. Deutscher Universitats-Verl. 2003. ‹ Grundwald, Egon & Stephan Grunwald: Bonitatsanalyse im Firmenkundengeschaft: Handbuch Risiko‹ ‹ management und Rating. 2nd ed. Schaffer-Poeschel, 2001. ‹ Gundlach, Matthias & Frank Lehrbass: CreditRisk+ in the Banking Industry. Springer, 2004. Hertenstein, Karl-Heinz & Dirk Muller: Risikocontrolling im Kreditgeschaft als Bestandteil eines ganz‹ ‹ heitlichen Risikomanagementkonzeptes. Dt. Sparkassen-Verl., 2002. Hose, Christian: Rating und Kreditzinsen: Chancen fur Kunden und Kreditinstitute im Rahmen von Basel II. ‹ Deutscher Genossenschafts-Verl. 2002. Kley, Christoph R.: Mittelstands-Rating: externe Credit Ratings und die Finanzierung mittelstandischer ‹ Unternehmen. Deutscher Universitats-Verl. 2003. ‹ Koch, Wolfgang & Jurgen Wegmann: Praktiker-Handbuch Rating: Leitfaden fur mittelstandische Unter‹ ‹ ‹ nehmen und fur Banken. Schaffer Poeschel, 2003. ‹ ‹ OeNB und FMA: Best Practice im Risikomanagement von Verbriefungen, Vienna, 2004. Guidelines on Credit Risk Management 103