Trade credit refers to providing goods and services on a deferred payment basis. Commercial credit management is a matter of great importance for most small and medium enterprises (SMEs), since it represents a significant portion of their assets. Commercial lending involves assuming some credit risk due to exposure to default. Thus, the management of trade credit and payment delays is strongly ...

When a company undertakes e-commerce transactions for the first time, most major web sites set the initial credit score of the company as zero, which making buyers and sellers can’t judge the partners’ credibility. In recent years, although commercial banks and some specialized credit rating agencies have established more comprehensive and scientific indicators for evaluating the credit of an e...

Unfortunately it could also be used to defraud these agencies. In the period immediately following their introduction public acceptance of credit cards was less than enthusiastic, but by 1992 there were almost 10 million major credit cards in use in Australia.2 There were also in excess of 25,000 fraudulent credit card transactions per annum. In this, then, as in so many other areas of property...

The capital adequacy framework Basel II aims to promote the adoption of stronger risk management practices by the banking industry. The implementation makes validation of credit risk models more important. Lenders therefore need a validation methodology to convince their supervisors that their credit scoring models are performing well. In this paper we take up the challenge to propose and imple...

Secure methods of payment are needed before we will see widespread commercial use of the Internet. Recently proposed and implemented payment methods follow one of three models: electronic currency, credit-debit, and secure credit card transactions. Such payment services have diierent strengths and weaknesses with respect to the requirements of of security, reliability , scalability, anonymity, ...

Aiming at the insufficiency of credit scoring models, this paper puts out a new approach by using combining forecast model for personal credit scoring. Based on linear regression and logistic regression models, this paper constructed a combining model and used particle swarm optimization (PSO) to search each single model’s weight. In order to control the type II error rate,the particle’s fitnes...

The federal government supports some private activities—such as home ownership, postsecondary education, and certain commercial ventures—through credit assistance offered to individuals and businesses. Some of that assistance is in the form of direct federal loans, and some is through federal guarantees of loans made by private financial institutions. At the end of fiscal year 2011, about $2.7 ...

This study evaluated the effect of bank consolidation on economic growth of Nigeria between the periods of 2006-2015. Secondary data were sourced from the Central Bank of Nigeria statistical bulletin and the NDIC Annual Reports between the period of 2006 and 2015. Data was analyzed using the Ordinary Least Square (OLS) multiple regression technique with the aid of the SPSS statistical software ...

eepening Nigeria‘s financial markets is a key component of economic diversification and job creation. An efficient and functioning market for credit will stimulate business activity and support Nigeria‘s dynamic entrepreneurs. There is a prevalent feeling that following the banking sector crisis which erupted in August 2009, this process has stalled as commercial banks have curtailed their lend...