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OCC Issues New Comptroller's Handbook Booklet

 

March 27 - The Office of the Comptroller of the Currency has issued the “Asset-Based Lending” booklet, which is new to the Comptroller’s Handbook.

The “Asset-Based Lending” booklet

This booklet applies to all national banks and federal savings associations engaged in asset-based lending activities.

This booklet expands the asset-based lending examination fundamentals discussed in the “Accounts Receivable and Inventory Financing” booklet of the Comptrollers Handbook, issued in March 2000, and replaces asset-based lending guidance in section 214, “Other Commercial Lending,” issued in October 2009 as part of the Office of Thrift Supervision’s (OTS) Examination Handbook.

The OCC’s “Asset-Based Lending” booklet provides guidance to examiners and bankers regarding asset-based lending activities and risks, prudent credit risk management and underwriting expectations, credit administration, and credit risk rating. Risk-based expanded examination procedures are provided to guide asset-based lending examinations. Expanded topics include asset-based lending structures, credit analysis, evaluating borrower liquidity, establishing a borrowing base and prudent advance rates, collateral controls and monitoring systems, and credit risk rating considerations. The booklet also includes transaction examples to guide examiners and bankers in the assessment of credit risk.

With the issuance of this booklet, the asset-based lending guidance on pages 16–20 of section 214 of the OTS Examination Handbook is rescinded.

For further information, contact Grant Wilson, Director for Commercial Credit Risk, at (202) 649-6432.


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