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FEATURES Detecting & Derailing Fraud Ref# FRD023
When considering your organization’s approach to detecting and preventing fraud, trust your intuition and take a hard look into the facts surrounding any gut feeling you have. Because when it comes to fraud, it’s not a matter of “if” it will happen, but rather, of how well you are prepared when it does. By Steven San Filippo, Traxi
The True Face of Dilution Ref# FIELD013
Field examiners may spend a considerable time scrubbing a borrower’s trade accounts receivable. Often the resulting ineligibles proposed are met with the following question: “Isn’t this all covered by dilution?” Knowing the answer to the question is critical to ensuring that the borrowing base formula adequately protects an asset-based lender. By Gilles Benchaya and Gregory Anderson, Richter Consulting
Tomorrow Will Look A Lot Like Today Ref# GEN020
As we begin a new year, Stevan Buxbaum urges secured lenders to take advantage of the great opportunities that exist in tumultuous times. But, he advises, such opportunities will only pan out if approached with discipline, diligence and, perhaps most importantly, the realism that was lacking in the days of irrational exuberance. By Stevan Buxbaum, Buxbaum Group
Balancing Opportunity and Risk Ref# IND130
More than at any other time in recent memory, lenders will face competing pressures to open up the spigot to meet pent up market demand for financing, while simultaneously confronting internal and external pressures to limit exposure and risk. By Henry Mittelman, Bill Davis, Terry Ullrich and Mark Rosenbaum , AGENTA
‘Old School’ Underwriting & Risk Management… Ref# IND131
There’s nothing like a fresh start. With the economy just starting to level out and a rebound expected to start in 2010, now is as good a time as any to get back to the basics. 1st West’s Jerry Oldham tells us why the four Cs of Credit still matter. By Jerry Oldham, 1stWEST Financial
FROM ALL FACETS Profile of Success At TD Bank, An Industry Veteran Finds the Right Fit Ref# EXEC072
For Barry Kastner, it’s always been a matter of trusting his instincts and striking the right balance. And it’s no surprise that the 33-year industry veteran assimilated the qualities of strong credit discipline and a customer-centric approach to find himself in the top ABL spot at America’s “most convenient bank.”
By Stuart P. Papavassiliou, Senior Editor
Turnaround Corner When the Floodgates Burst Ref# TM101
Business continuity planning is an integral part of running any type of company. It is a good idea to get outside help with the project design and management, unless your company possesses both the expertise and time required to create a robust and effective BRP.
By Murray Derraugh, The Alta Group
Factoring Focus For the Love of Factoring — Industry Consultant Discusses Business Climate Ref# FAC092
With a career at a variety of leading factoring organizations, Darla Auchinachie knows her way around the industry. Now as a consultant, she aids those companies that benefit from her insight. We asked Darla for her thoughts on factoring now that the economy seems better poised for a recovery.
By Amanda L. Gutshall, Associate Editor
Bankruptcy Update Do Quick-and-Easy Section 363 Sales Always Yield the Best Return on Collateral? Ref# BANK030
Because legal fees and other costs can stack up during a lengthy Chapter 11 reorganization, some asset-based lenders might welcome the trend toward §363 sales, reasoning that quicker sales ultimately will translate into maximum return on collateral. In reality, however, §363 is anything but a one-size-fits-all solution.
By Terrence Corrigan, Abacus Advisors
Legal Eyes FTC Red Flag Rules — Protection Against Identity Theft Ref# LGL104
In October 2009, the Federal Trade Commission, at the request of Congress, delayed the enforcement of the so-called “Red Flag” rules geared to address the risk of identity theft until June 1, 2010. That date is important to financial institutions as failure to comply opens the door to legal aggravation including civil monetary fines and lawsuits.
By Marc L. Hamroff and Terese L. Arenth, Moritt Hock Hamroff & Horowitz
FinalCut CFA Reports Significant Growth Among Asset-Based Lenders ABF Journal illustrator, Jerry Gonzalez’ visual interpretation of a top-ranked abfjournal.com news story according to our visitors.
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January/February 2010 Issue