Credit approval process CFSL’s credit processes are designed with the aim of combining an appropriate level of authority in its credit approval processes, with timely and responsible decision-making. Within the powers to act granted by the Board of Directors, credits are approved by decision-making authorities at different levels of the organisation, depending on the riskiness and the credit exposure of the customer. • System requirements are met, generating approval • Review and consideration for approval of credit exposures not within the power of the Credit Underwriting Department • Manually assess and approve credit applications referred by system • Tiered individual authorities study and approve applications Automated System Approval Credit Underwriting Department Credit Committee 71 OUR YEAR AT A GLANCE OUR PEOPLE GOVERNANCE FINANCIAL STATEMENTS
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