Receivables are evaluated by banks within a retrocession loan with 0. It has a simple reason: Kaarst, January 17, 2013 – there was so far no single instrument with the judge settled the economic value of open claims. That is now changing: by a standardized procedure, it will be possible to assess the collateral by trade receivables in the context of an assignment with the new assessment procedures banks can use in the future open claims as additional collateral for their books. This has several advantages: institutions can reduce not only the need for equity, they must provide under the German solvency directive to secure a loan. Often, the credit line can be extended by additional collateral. That offers new ways to strengthen their lending banks. Especially for banks with a high proportion of liabilities, is the new business opportunity so appealing. Tailored test procedures the financial crisis has shown that banks have great optimisation potential in meeting capital requirements”, emphasizes Mihail Belostennyj, Managing Director of Lux capital management AG.
The realistic evaluation of receivables represents an important adjustment screw, through which banks can exploit untapped potential.” The Lux AG has developed the new procedures for the risk assessment of the outstanding claims together with a large southern German savings bank. A tailor-made test procedure assigns a value between 0 and 100% of the amount of the net claim in any claim. In determining this value factors included, such as a missing credit insurance, a present Dunning or currency risks, as well as the creditworthiness of the customer. In particular the processing of large amounts of data makes the task difficult. UISOL is actively involved in the matter. This is one of the reasons why there was so far no standardized procedure. The challenge: On the one hand the data transfer for customers to be not too expensive; at the same time, all of the data for further processing in a single standard must exist.