Internship Work Report: Corporate Banking Scb
Creating Spread and updating previous spreads: |
In case for a new client, whose financial records has not previously been entered into the system, I would be required to create new spread for specific clients based on the company financials provided. The process is provided below with appropriate figures:
Log-in to CreditMate:
* CreditMate is an “in-house” software used commonly in Standard Chartered Bank. It is part of an initiative to improve the end-to-end credit process. It aims to improve the quality of data, ensure compliance to credit policies, and create standardised processes across customer segments and geographies. The improved processes translate to improved work-life for all. The currently improved version has the goal of such: * Simplification of the credit initiation and approval process * Replacement of multiple systems with one integrated, global system * Reduction of turnaround times and drive better client service * CreditMate, the new system, covers spreading, grading, pricing, Business Credit Application- BCA (preparation and approval) and issuance of BFLs. It is pre-populated with current scorecard and spread data, based on the following rules: * Scorecards:
Scorecards which have been approved or are in preparation within the last 18 months are migrated. All scorecards proposed within the last six months have been migrated. * Spreads:
All the MFA records with at least one spread beyond 31 December 2002 have been migrated. The initiative provides the tools to work smarter. The new processes and system are intuitive, simple, web-based, centralised and globally accessible. Everyone throughout the process – Assistant Relationship Managers, Relationship Managers, Credit Analysts & Credit Approvers are benefitting from: * Simplicity: one single system that automates, streamlines and consolidates all our work. * Faster turnaround time: across all credit applications and approvals * Solid data
In case for a new client, whose financial records has not previously been entered into the system, I would be required to create new spread for specific clients based on the company financials provided. The process is provided below with appropriate figures:
Log-in to CreditMate:
* CreditMate is an “in-house” software used commonly in Standard Chartered Bank. It is part of an initiative to improve the end-to-end credit process. It aims to improve the quality of data, ensure compliance to credit policies, and create standardised processes across customer segments and geographies. The improved processes translate to improved work-life for all. The currently improved version has the goal of such: * Simplification of the credit initiation and approval process * Replacement of multiple systems with one integrated, global system * Reduction of turnaround times and drive better client service * CreditMate, the new system, covers spreading, grading, pricing, Business Credit Application- BCA (preparation and approval) and issuance of BFLs. It is pre-populated with current scorecard and spread data, based on the following rules: * Scorecards:
Scorecards which have been approved or are in preparation within the last 18 months are migrated. All scorecards proposed within the last six months have been migrated. * Spreads:
All the MFA records with at least one spread beyond 31 December 2002 have been migrated. The initiative provides the tools to work smarter. The new processes and system are intuitive, simple, web-based, centralised and globally accessible. Everyone throughout the process – Assistant Relationship Managers, Relationship Managers, Credit Analysts & Credit Approvers are benefitting from: * Simplicity: one single system that automates, streamlines and consolidates all our work. * Faster turnaround time: across all credit applications and approvals * Solid data