eNewsletter

eNewsletter: Credence

Credence: "Acceptance as true or valid; claim to acceptance; and trustworthiness"

The American Heritage
Dictionary of the English Language

Credence, a quarterly-published newsletter that features a diverse coverage on the group of companies under the Infocredit Holdings umbrella.

Capitalizing on our expertise in our research and the wealth of our databases, read on to find out more about industry insights, latest product developments, and also learn about how simple things in life had inspired our creme of the crop in Power Philosopher.

Credence highlights on Issue 11

Credit Risk Rating Updates

The DB risk indicator is divided into seven bands, ranging from DB1 through DB7. Each band is subdivided into quartiles(a-d), with an 'a' designation representing slighly less risk than a 'b' designation and so on. Only the DB7 indicator is not divided into quartiles.

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Credit Monitoring

A revamped version of the Credit Monitoring system was released on the 26th of April 2009. The new system boasts a more efficient and transparent system, where a more customizable experience is awarded to the user.

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Delinquency Rates for Credit Cards and Personal Loans On the Rise

Missed payments for personal loans increase five consecutive months from Sept 2008 – Jan 2009 as a result of deteriorating economic conditions and credit cards saw an increase in Sept – Dec 2008 but a slight decline in Jan 2009.

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SME Credit Bureau Malaysia

Malaysian SME’s today have become significant contributors to the gross domestic product of Malaysia. Over the past few years, the SME sector has seen a considerable rate of growth, and currently contributes up to 32% of the total GDP. It has also been noted that 19% of Malaysia’s total exports were made by local SME’s. However, due to the lack of a verifiable track record and official documentation, many SME’s lack avenues to funds that would help them take their business a step further.

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The Consultants Corner

The Onset of Subprime Crisis
The current economic meltdown did not begin with the surface of subprime crisis in middle of 2007 but was in fact started with the building of progressive debt instruments immediately after the 9/11 attack of the World Trade Center in New York City in 2001.

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Five stages to corporate health
There are workable preventive, diagnostic and therapeutic steps to treat sick companies, and to restore as well as maintain their well being. Similar to handling of a person’s health, a company needs to monitor the five stages to sustain long-term health and wellness, namely, prevention, early diagnosis, proper treatment, recovery or rehabilitation and strengthening or health-boosting.

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