eLearning Program: Problem Credits II - Early Warning Signs and Effective Actions

Problem credits, how to identify them early and deal with them effectively has always been relevant for lenders.  However, in the current economic climate it is even more immediate and necessary.  This course starts out by covering the key factors that cause companies to become financially distressed.  It emphasizes the various early warning signs that lenders must be aware of and the importance of quickly identifying companies that are having problems to limit value destruction and improve recovery rates for lenders.  Signs include understanding how and when cash flows become distressed, as well as measuring and assessing liquidity through a downturn.  The roles of covenants and collateral are discussed, including how they can fail to protect lenders.  Finally, the course works through the measures that must be taken to resolve financial distress.   

Structure
This highly interactive course will be delivered in five 3-hour sessions, each with a 15-minute break. This course will be run over five consecutive days, three hours each day from 11:30 am to 2:30 pm Eastern time, and will be run in Adobe Connect to create a virtual experience to mirror many of the benefits of in-person classes, including case studies.

Learning Objectives
Upon completion of this seminar, delegates will be able to:
»    Recognize how credits behave through an economic/sector cycle
»    Recognize deterioration of credit quality early enough for efficient response
»    Identify creative accounting and understand a company’s true financial performance
»    Assess a company’s liquidity position and the factors that may cause it to deteriorate
»    Understand the role of covenants and collateral and their ability to improve recovery rates for lenders
»    Create an effective plan of action to address troubled situations and maximize recovery

Who Should Attend?
This course is designed for anyone who is involved in credit.  This includes relationship managers, credit analysts and professionals on the banking side.  It is also highly relevant for asset managers and counterparty credit analysts at corporations.

Program Level: Intermediate
Prerequisites: Approximately two years of experience in a credit related function or has attended an intermediate level credit seminar. Must have completed the Fundamentals of Credit Risk Analysis CRMCP course.
Advanced Preparation: There will be short pre-work and homework.
Delivery Method: Group-Live online

This e-Learning program is part of the Credit Risk Management Certificate Program (CRMCP), a partnership between the IECA and Moody's Analytics, and is designed for the basic to intermediate skill level. Each component of the program will last three hours. Completion of this course meets one of the requirements for the CRMCP.

Important Note: Each of the five instructor-led webinars are mandatory. Please do not register for this program unless you are able to attend the webinars.

Registration Deadline is August 5, 2020.