Interview with an Industry Professional Assignment
Credit Adjudication Assignment
Insert your name here
Insert your student ID # here
Prepared for: Raj Brar, MA, CFP
FNSR2301 – Financial Markets and Products
Insert Date
Section 1: State your client
Please type the name of your client(s). This should represent the client that you were assigned to via D2L newspost.
insert your text here
Section 2: Select a Financial Institution
For section 5 of this submission, you will need to recommend any products and services that your client may benefit from. Select any financial institution (Canada). You will source this institution for product names/details. Please select only one financial institution and not multiple.
insert your text here
Section 3: Analyze the 6 C’s of Credit (14 points)
Given the case provided, please analyze the 6 C’s of credit and how this will impact the application for Credit:
Analysis
Credit Score (2 points)
(Cite using APA7 style where necessary)
Analyze cu
ent ratings, past ratings and credit score. Provide an explanation
of how this information will impact your decision to approve or decline
Capacity (4 points)
Calculate the GDS and TDS ratios based on new credit being applied fo
Comment on job history and stability and how this information will impact your decision
Capital (3 points)
Analyze assets, savings habits, liabilities, and the types of debts your client(s) hold. Outline how this information will impact your decision.
Collateral (1 point)
Is collateral applicable here?
If so, what could be used as collateral
Justify your response.
Character (2 points)
Comment on job prospects, payment history, savings ability, money management skills, spending habits, use of debt, reliance on credit
Conditions (2 points)
(cite using APA7 style where necessary)
Discuss present economic conditions and how this can impact your decision (for example, does your client work in a cyclical or defensive industry?
Section 4: Credit Decision and Recommendation (5 points)
Please justify your ruling and recommendation(s). Points will be awarded based on the strength of your credit decision and recommendation(s) provided.
Credit Decision Justification (5 points)
Provide a detailed explanation of whether you will approve or decline this application (encapsulate your analysis above in formulate a compelling paragraph(s). Do not simply copy and paste text from the table above.
If approving the credit application, provide conditions of approval that you will be adding:
o Pricing/adjusted credit limit.
o Insurance requirements
o Collateral requirements
o Fixed or revolving credit
o Savings program to be established
o Anything else (ie. Consolidating debt into one)
If declining the credit application, provide any alternatives and suggestions that you would give the client (remember this is difficult situation for any customer to be declined)
Examples may include:
o Reapplying in future
o Saving more money
o Cleaning up credit rating
o Anything else
o Be creative you are attempting to still assist client
Section 5: Alternative or Complimentary Product Suggestions (6 points)
Based on the information provided for your client, what financial products/services can best benefit them?
Restate the Financial Institution that you will be recommending products/services from (select on, and not multiple institutions:
Insert text here
Alternative Product Suggestions
(6 points)
There are tidbits in each and every scenario where your client(s) can benefit from additional products/services.
Please provide your recommendations here.
Examples can include, but are not limited to:
• Insurance
• Savings products
• Transfe
ing products to your bank
• Other products (investments, accounts, retirement products, credit products
Do not simply copy and paste information, provide insight into your recommendation(s).
Please cite your information using APA7 style
References
(you must cite using APA7 style (intext within your submission and bibliography style below).
Please visit https:
owvalleycollege.libguides.com/c.php?g=714519&p= XXXXXXXXXXfor APA citation resources. I also suggest that you connect with our Li
ary and Learning Commons department well before the deadline for this assignment should you require assistance with citation.
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