what was the course number for crms-ef may 2015

How does a bank improve its credit appraisal?

Strengthening the Credit Appraisal Procedures of Banks: This is achieved by generating accurate and reliable credit information on bank borrowers from a central database. With such information available, banks will be in a better position to appraise the repayment capabilities of customers seeking new or additional credit facilities from them . This will reduce or eliminate the granting of loans to customers who had no capacity to repay and/or already had non-performing and sometimes abandoned loans in other banks.

What is the purpose of the Credit Bureau?

Facilitating Consistent Classification of Credits: The Credit Bureau will facilitate regulators’ consistent classification of credits granted to the same borrower (s) by different banks.

What is the purpose of the CBN Act of 2007?

Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) In order to facilitate the attainment of price stability and to support the economic policy of the Federal Government , there shall be a Committee of the Bank known as the Monetary Policy Committee (in this Act referred to as "the MPC") The MPC shall consist of -.

What is the role of the Banking Supervision Department?

Banking Supervision Department carries out the supervision of Deposit money banks and Discount houses while Other Financial Institutions Supervision Department supervises other financial institutions.

When was the CBN Credit Risk Management System established?

The decision to establish a Credit Bureau in Nigeria featured in the Presidential Budget Speech of 1990. Thereafter, it was given a legal backing by the CBN Act No.24 of 1991 [sections 28 and 52] as amended.

What is the Financial Policy and Regulation Department?

Financial Policy and Regulation department develops and implements policies & regulations aimed at ensuring financial system stability. It also licenses & grants approvals for banks and other financial institutions.

What is the role of the payments system in the economy?

The payments system plays a very crucial role in any economy, being the channel through which financial resources flow from one segment of the economy to the other. It, therefore, represents the major foundation of the modern market economy.

What is CRME certification?

The CRME is a Certification meaning that HSMAI is Certifying that you are an experienced Revenue Manager capable of performing the set of functions that the global HSMAI Revenue Advisory Board have set out as being the standard for Revenue Managers. You also need experience managing revenue to qualify.

How many points do you need to pass the CRME exam?

The CRME certification program is a two-part process in which you must complete the CRME application to demonstrate your eligibility (minimum points: 50), and then pass an online exam covering the functions performed in revenue management. CRME applications may be sent to HSMAI Academy any time throughout the year.

What is a CRME book?

This book is the study guide for the Certified Revenue Management Executive (CRME) certification. Learn more about the CRMEand what it can bring to you and your organization.

Can HSMAI enrol you in the online exam?

Once you feel ready to take the exam, advise HSMAI and we will enrol you in the online exam.

Who developed the HSMAI certification?

This certification program was developed by the HSMAI RevenueManagement Advisory Board and has been updated multiple times by experienced revenue leaders in Europe, North America and Asia Pacific.

When does a certification expire?

Certifications expire on December 31, three years from the year a person originally certified (e.g., if you certified in 2017, regardless of which month of the year, your certification is due for renewal by December 31, 2020).

When are recertification notices sent?

Recertification notices are sent as a courtesy in the first quarter of the year in which you are due for renewal, and additional reminders are sent throughout the year. With that notice, CRMEs receive information regarding the recertification process and instructions to access the recertification application form and guidelines.