
Centralised parent companies rely on
their subsidiaries accurately administering their credit insurance
policies to ensure compliance. However, an independent review by
experienced personnel followed up by written conclusions and
recommendations will give confidence to senior management.
This knowledge is also essential for funding institutions and
bankers. The security of a credit insurance policy is enhanced by
the quality of administration by the client. A dispassionate,
independent review is a key component in the funder’s lending
decision.
The above two scenarios are live issues for IRC Europe. We provide
these Compliance Reviews for several major multinational groups,
travelling to a variety of countries around the world. We also
provide similar reviews for one of the world’s top ten banks, within
their UK client base.
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"a dispassionate independent review is a key component in the
funders lending decision."
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