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BusinessFinance and Investment

Executive Certificate in Corporate Credit Management
行政人員證書 <企業信貸管理>

Course Code
EP075A
Application Code
1555-EP075A
Study mode
Part-time
Start Date
02 Nov 2017 (Thu)
Next intake(s)
March 2018
Duration
3 months
Language
English
Course Fee
HK$7500 per programme
How to Apply
Deadline on 26 Oct 2017 (Thu)
Enquiries
2520 4612
2858 4750
資深導師Dr. Wai,有26年企業信貸管理經驗。
教學方式實用互動,一步一步帶領學生分析真實企業信貸個案,指出個案決策關鍵。
學員一致好評!

Executive Certificate in Corporate Credit Management aims to equip students with current knowledge and practical skills in managing credit risk of corporations. It covers both quantitative and qualitative analysis in corporate credit valuations including case study analysis.  This course introduces credit analysis based on Cash Flow Based Lending doctrine which is the shift from the use of accrual based accounting information to the use of cash based financial information for lending decisions. 

The programme is designed for students who would like to advance themselves to become corporate banking relationship managers or credit officers.  Personnel in corporate finance division would also benefit from understanding how their corporate banking relationship is maintained.

Dr Victor Wai retired from a senior position in corporate credit management from the banking industry. He is enthusiastic in sharing his 26-year corporate banking experience and accepts to teach our course. Students find his interactive teaching and his close guidance through real cases step by step very practical in their own role in corporate credit.

A comprehensive and structured credit training for young bankers dealing with corporate clients.

In the old days, international banks provided comprehensive and structured credit training for new recruits centrally at the headquarters.  This is not the case now due to the escalating costs and competition for human resources after providing such training.  HKU SPACE recognized this trend and worked with Dr. Wai to provide this comprehensive and structured credit training as a professional development opportunity.  New graduates who are interested in entering Corporate Banking or junior bankers who would like to advance to Relationship Management or Credit Management are our targets.  It could also be a refresher course for mid-career bankers.  Personnel in corporate finance division would also benefit from understanding how their corporate banking relationship is maintained.

Credit Analysis on a company is an extremely structured process of examination and assessment.  In today’s corporate finance world, banks all have systematic procedure to decide how much total credit can be given, if it should be given, to a corporate, taking into consideration of credit risk.   This systematic procedure is there to improve credit decisions.  Although not all final decisions are necessarily good, but an organized and structured approach can help raise the quality of credit assessment and compliance.  Nowadays, there are many different methods of analyses and assessments: credit scoring, computer sensitivity models, cash flow analysis, and statistical analysis all give reference to corporate credit worthiness.  Both quantitative and qualitative techniques are required to analyse and interpret credit worthiness.

Days / Time
  • Thursday, 7:00pm - 10:00pm
Venue Tutor
  • Dr. Victor Wai is an experience tutor in the field of corporate banking credit management. Dr. Wai is a 26 year corporate banking veteran with expertise in credit management analysis. He spent most of his career with the Bank of America at their Asia regional headquarter covering compliance, risk management and credit auditing in Asia. Dr. Wai holds a CPA in Australia and Hong Kong, a DBA from the University of Newcastle, a Master of Banking from Monash University, a MBA from Chinese University of Hong Kong and an Economic degree from the University of Hong Kong.
  • Ms. Cheng is a seasoned compliance officer at a European bank. She has over 10 years experience in AML, KYC, financial crime surveillance and market misconduct investigation. Ms. Cheng holds a Master of Science in Finance from Chinese University.

1. Corporate Credit Analysis

This module aims to introduce students with the basic tools for analysis and evaluation of corporate credits. It also covers Porter’s five forces and VRIO models.

Cash Flow Based Lending

  • International Accounting Standard on statement of cash flow
  • Prepare cash flow statement using direct method on Excel

Lending Against Value

  • Risk adjusted return on capital
  • Lending against use value and financial covenants
  • Liquidity, Exchange and Collateral Values

Cash Flow Based Credit Analysis

  • Cash Flow vs. 5C’s (Capacity, Capital, Collateral, Conditions, Character) credit analysis
  • Management Analysis and Integrity
  • Financial structure analysis

Porter’s Five Forces and VRIO models

  • Cost leadership, differentiation and focus strategies
  • Five Forces : Pure competition vs. free competition
  • VRIO model

2. Corporate Credit Management Process

This module examines how corporate credit management process affect corporate lending decision.  It covers the key elements of a good credit management process. Hands on computer laboratory experience will be provided.

Elements of good credit management process

- Check and balance between departments

- Appropriate credit authority

 

History of Financial Crisis

  • Monetary policy changes lead by financial crisis
  • Lending and borrowing facilities adaptation

Quantitative Techniques

  • Brief introduction of basic statistical analysis and parameters
  • Understand and interpret the statistical data and their implications
  • Expected default frequency using option pricing model
  • Risk rating using logistic regression

Credit Risk Rating and Basel III Requirement

  • Credit rating : relative vs. absolute reflection, interpretation
  • Latest Basel III requirements

3. Security Law and Compliance

This module introduces the foundational knowledge about the business law and security law in Hong Kong.  It also focuses on the current corporate banks’ regulatory and compliance requirements.

Fundamental Legal Concepts and Principles for Corporate

  • Basic law and HKSAR law
  • Legal structure and liability of corporations
  • Partnership, unlimited company and limited company difference

Identify Basic Corporate Crime

  • Characteristics of corporate crime
  • Transactions manipulation
  • Inadequacy of financial reporting

Hong Kong Securities Regulatory Bodies

  • Hong Kong Monetary Authority
  • Securities and Futures Commissions
  • Hong Kong Stock Exchange

Corporate Banking Compliance

  • Policies in Anti Money Laundering, Know Your Clients
  • Detection and reporting procedure
  • HKMA Banking ordinance  
  • Managing collaterals and securities

The Executive Certificate in Corporate Credit Management award will be conferred to candidates who have attained pass grades in all three modules and achieved at least 70% attendance of the programme.

Module 1: Corporate Credit Analysis (M04536)

Lecture

Date

Time

Lecture    1

2 Nov 2017 (Thu)

7 - 10 p.m.

Lecture    2

9 Nov 2017 (Thu)

Lecture    3

16 Nov 2017 (Thu)

Lecture    4

23 Nov 2017 (Thu)

Lecture    5

30 Nov 2017 (Thu)

Module 2: Corporate Credit Management Process (M02348)

Lecture

Date

Time

Lecture    1

14 Dec 2017 (Thu)

7 - 10 p.m.

Lecture    2

21 Dec 2017 (Thu)

Lecture    3

4 Jan 2018 (Thu)

Lecture    4

11 Jan 2018 (Thu)

Lecture    5

18 Jan 2018 (Thu)

Remarks: Tentative timetable is subject to change and course commencement is subject to sufficient enrollment numbers.

Applicants shall hold:

  • a)    a bachelor’s degree awarded by a recognized University or equivalent; or
  • b)   an Associate Degree/ a Higher Diploma or equivalent, and have at least 2 years of working experience.

Students should have basic knowledge of Accounting and Mircosoft Excel.

Application Fee

HK$150 (Non-refundable)

Course Fee
  • Course Fee : HK$7500 per programme

Application Form Application Form

Payment Method
1. Cash or EPS

Course fees can be paid by cash or EPS at any HKU SPACE enrolment counters.

2. Cheque or bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify theprogramme title(s) for application and applicant’s name. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE enrolment centres, specifying “Course Application” on the envelope. HKU SPACE will not be responsible for any loss of payment sent by mail.
3. VISA/MasterCard

Applicants may also pay the course fee by VISA or MasterCard, including the “HKU SPACE MasterCard”, at anyHKU SPACE enrolment centres. Holders of the HKU SPACE MasterCard can enjoy a 10-month interest-freeinstalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online payment

The course fees of all open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes can be settled by using PPS via the Internet. Applicants may also pay the relevant course fees by VISA or MasterCard online. Please refer to the Online Services page on the School website.

Notes

  1. For general and short courses, applicants may be required to pay the course fee in cash or by EPS, Visa or MasterCard if the course is to start shortly.

  2. Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder’s credit card account.

  3. In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  4. Fees and places on courses cannot be transferred from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on approved transfers.
  5. Receipts will be issued for fees paid but HKU SPACE will not be responsible for any loss of receipt sent by mail.
  6. For additional copies of receipts, please send a stamped, self-addressed envelope with a completed form and a crossed cheque for HK$30 per copy made payable to ‘HKU SPACE’. Such copies will only normally be issued at the end of a course.