Abstract
However good a bank’s credit decisions, monitoring and controls, some customers will run into difficulty. Limiting the damage they cause is an art, not a science. Most can only be learnt by bitter experience; in some aspects we can help people to learn more quickly from experience. There are many aspects of damage limitation. The author has tried to cover the main ones in How to Handle Problem Loans and Credit Control in Boom and Recession (both published by Macmillan). This chapter will concentrate on a few aspects, mostly relating to large, international borrowers.
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© 1995 T. H. Donaldson
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Donaldson, T.H. (1995). Damage Limitation. In: More Thinking about Credit. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13763-3_3
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DOI: https://doi.org/10.1007/978-1-349-13763-3_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-13765-7
Online ISBN: 978-1-349-13763-3
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