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  Credit Planning A credit planning is to set out procedures for defining and measuring the credit-risk exposure within the Group and to assess the risk of losses associated with credit extended to customers, financial investments and counter party risks with respect to derivative instruments. The main aspects of a credit planning are- 1) The terms and conditions on credit, 2) Customer qualification criteria, 3) Procedure for making collections, and 4) Steps to be taken in case of customer delinquency. Factors affecting Credit Planning An effective Credit planning should include the following Considerations ·          Objectives of the credit function ·          Opening procedures and obtaining information for new accounts ·          Assessing & evaluating the proposals ·          Terms and condit...

This article throws light upon the top six types of machines used in an office. They are:  1. Type-Writers  2. Duplicating Machines  3. Xerox Copy/Photocopy  4. Accounting Machines  5. Guillotine Machines  6. Shredding Machines Machines used in an Office Type # 1. Type-Writers: This is a small but a pretty machine, needs no introduction at all because it is the heart-throb of any office mechanisation. Invented in 1873 and being used since then, this has, like the game of cricket, seen a seaway change over the century. It has two commendable features of which the first is for the neatness and clarity that it gives about the information, that it types and, secondly, the number of copies that it can type says 6 or 7 including the original at a stretch. Types of Type-writer: Type-writers come in different shapes and sizes. They also differ from each other on the basis of their technical sophistication. Let us discuss the various types of type-writers that a mod...