DESIGNING CREDIT RISK MANAGEMENT PROCESS IN COMPANIES

Year 2020, , 392 - 408, 31.12.2020

Selda Eke Ozlem Toprak

https://doi.org/10.17261/Pressacademia.2020.1330

Abstract

Purpose- The purpose of this study is to show that for a healthy free cash flow, the credit risk is a key pillar for companies and is managed through a process that includes several steps.
Methodology- With a reference to risk management process in general, steps of credit risk management have been been designed. In each step, key credit risk management activities have been mentioned.
Findings- Credit risk management process includes steps starting from risk identification to monitoring of the risk. It is comprised of risk identification and risk analysis activities in scope of Know Your Customer (KYC) principle to assess the buyer’s credit worthiness. The appropriate risk management strategies to mitigate risk are also determined after the assessment has been made. Monitoring is the review of the whole process to have the necessary improvements. The entire process has a vital role to decide whether credit sales will be sustained or not and if yes under which credit conditions.
Conclusion- As the world trade grows, trade credit becomes a substantial competition tool for the suppliers. Credit risk appears to become the main cause of the financial loss faced by the suppliers in their credit sales. The credit risk must be managed effectively for the sustainability of world trade activities.

Keywords

Risk management, trade credit, credit risk, credit risk management process, credit risk assessment

ŞİRKETLERDE KREDİ RİSK YÖNETİM SÜRECİNİN KURGULANMASI

Abstract

Amaç- Bu makalenin amacı, şirketlerde saglıklı bir nakit akışı icin, kredi riskinin önemli bir yapı taşı olduğunu ve çeşitli adımları olan bir süreçte yönetildiğini göstermektir.
Yöntem - Risk yönetim sürecinin genel işleyişi referans alınarak, kredi riski yönetim süreci adımlar şeklinde kurgulanmıştır. Her bir adımda temel kredi riski yönetim faaliyetlerinden bahsedilmiştir.
Bulgular - Kredi riski yönetim süreci, riskin belirlenmesinden başlayarak riskin izlenmesine kadar olan adımları içerir. Kredi değerliliğinin belirlenmesine yönelik “Müşterini Tanı (KYC)” prensibi kapsamında yapılması gereken risk belirleme ve risk analizi çalışmalarını kapsar. Değerlendirme sonuçlarına göre, riskin etkilerini azaltmak üzere risk yönetim stratejileri belirlenir. İzleme tüm sürecin gözden geçirilmesi yoluyla iyileştirmelerin yapılmasına yöneliktir. Kredili satış faaliyetlerinin sürdürülme kararında ve kredi koşullarının belirlenmesinde sürecin tümü önemli bir rol oynar
Sonuç - Dünya ticareti büyüdükçe, kredili satışlar tedarikçiler için önemli bir rekabet aracı olmaktadır. Kredi riski, tedarikçilerin kredili satış faaliyetleri sonucunda finansal zararla karşılaşmasına sebep olan önemli bir risktir. Tüm dünyada ticari faaliyetlerin kesintisiz bir şekilde sürdürülebilmesi kredi riskinin etkin bir şekilde yönetilmesi ile mümkündür.

Keywords

Risk yönetimi, kredili satış, kredi riski, kredi riski yönetim süreci, kredi riskinin değerlendirilmesi

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