Credit
Risk Environment Administration and Management (CREAM)
CREAM'S
RISK MANAGEMENT PHILOSOPHY
CREAM
provides "Credit Risk Environment's automation. Credit risk cannot
be addressed at few points in any credit product's life cycle. There
has to be a complete environment automation under which credit risk
exists, from inception to repayment. Therefore, risk management
of "Credit Risk Environment" comprises of the following:
CREAM'S
AUTOMATION OF CREDIT RISK BUILDING BLOCKS
The importance
of bank's internal risk data and its experience with customers and
their default probabilities cannot be undermined within a prudent
risk management initiative. CREAM therefore positions a bank to initiate
accumulating internal data that can further be used for complying
to BIS/Basel II.