Suppose you are the credit officer reviewing a credit proposal for a noncollateralized $10MM overdraft facility that is stated will be used to formalize an outstanding overdraft. What is our preliminary assessment of the facility and what, if any, additional information would you like to have?

Answer rating: 100% (QA)

As the credit officer my preliminary assessment of the noncollateralized 10MM overdraft facility would depend on various factors Here are a few key po... View the full answer