I was a contented busy bee corporate banker, happily bogged in to structuring working capital lines, export refinancing, retiring import liabilities and funding large scale projects. Back then, it looked fulfilling and somewhat convenient experience underwriting financing facilities, rationalised by the few renowned C's of credits including credit worthiness, collateral, cash flows, capacity etc. In essence, all I used to do was to lend money and get it back timely, and don't forget the accrued interest that my principle must have earned during the period. "All I needed to fret about was my exposure to the borrower and his ability to repay it, irrespective!"
Tuesday 15, April 2014 by Arsalan Aqeeq