Corporate and SME Workouts : A Manual of Best Practice

Bank loans can become non-performing because of problems with the borrower s financial health, problems with the design or implementation of lender protection features, or both. In ascertaining how to deal with a problem loan, it is important to...

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Main Author: International Finance Corporation
Format: Working Paper
Language:English
en_US
Published: Washington, DC 2015
Subjects:
NPL
Online Access:http://documents.worldbank.org/curated/en/2011/06/24102450/corporate-sme-workouts-manual-best-practice
http://hdl.handle.net/10986/21740
id okr-10986-21740
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING
ACCOUNTS RECEIVABLE
ARBITRATION
ARREARS
ASSET CLASSIFICATION
ASSET PRICE
ASSET QUALITY
ASSET RESOLUTION
ASSET SALES
BALANCE SHEET
BANK BALANCE SHEETS
BANK LOAN
BANK LOANS
BANKING REGULATIONS
BANKING SECTOR
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY COURT
BANKRUPTCY FRAMEWORK
BANKRUPTCY LAW
BANKRUPTCY LAWS
BANKRUPTCY PETITION
BENEFICIARY
BORROWER
BUSINESS BORROWER
BUSINESS PLAN
CASH FLOW
CASH FLOWS
CASH MANAGEMENT
CASH SHORTAGES
CENTRAL BANKS
CHANGES IN OWNERSHIP
CLAIMANTS
COLLATERAL
COMMERCIAL BANK
COMMERCIAL BANKS
COMPANY LAW
COMPANY LOAN
CONCESSION
CONFLICT OF INTEREST
CONFLICTS OF INTEREST
CONSEQUENCES OF BANKRUPTCY
CONSUMER LOANS
CONTINGENCY PLANNING
CONTRACT LAW
CONVERSIONS
CORPORATE GOVERNANCE
CORRUPTION
COSTS OF COLLECTION
COUNTRY RISK
CREDIBILITY
CREDIT RISK
CREDITOR
CREDITORS
CURRENCY
DEBT
DEBT FINANCING
DEBT FORGIVENESS
DEBT INSTRUMENTS
DEBT OBLIGATIONS
DEBT PAYMENT
DEBT RELIEF
DEBT-EQUITY
DEBT-EQUITY SWAPS
DEBTOR
DEBTS
DEFAULTS
DISBURSEMENT
DISPUTE RESOLUTION
DISPUTE RESOLUTION MECHANISM
DISTRESSED ASSET
ENCUMBRANCES
ENFORCEABILITY
EQUIPMENT
EQUITY CONVERSION
EQUITY CONVERSIONS
EQUITY INVESTMENTS
EQUITY WARRANTS
ESTATE
EXPORTERS
EXTERNAL DEBT
FILING FOR BANKRUPTCY
FINANCE CORPORATION
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DIFFICULTY
FINANCIAL DISTRESS
FINANCIAL HEALTH
FINANCIAL INFORMATION
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL PROBLEMS
FINANCIAL REPORTING
FINANCIAL STATEMENTS
FORECLOSURE
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FRAUD
FREE MARKET
FUTURE FINANCIAL CRISIS
GOING-CONCERN
GOVERNMENT DEBT
GOVERNMENT INTERVENTION
ILLIQUIDITY
INDEBTEDNESS
INDIVIDUAL LOAN
INDIVIDUAL LOANS
INFORMATION SYSTEM
INFORMATION SYSTEMS
INFORMATION TECHNOLOGY
INSOLVENT
INSOLVENT BANKS
INSURANCE
INSURANCE POLICIES
INSURANCE PREMIUMS
INTEREST CALCULATIONS
INTEREST PAYMENT
INTERNATIONAL BANK
INTERNATIONAL FINANCE
INVENTORY
INVESTING
JUDGMENT
JUDGMENTS
JURISDICTION
JURISDICTIONS
LEGAL ACTION
LEGAL ENVIRONMENT
LEGAL PROCEDURES
LEGAL REQUIREMENTS
LEGAL SYSTEMS
LENDER
LENDERS
LETTERS OF CREDIT
LEVERAGE
LIABILITY
LIENS
LINES OF CREDIT
LIQUID ASSETS
LIQUIDATION
LIQUIDATION PROCEEDINGS
LIQUIDITY
LIQUIDITY RISK
LOAN
LOAN ACCOUNT
LOAN ACCOUNTS
LOAN AGREEMENT
LOAN AGREEMENTS
LOAN AMOUNTS
LOAN BALANCE
LOAN CATEGORIES
LOAN CLASSIFICATION
LOAN DOCUMENTATION
LOAN MONITORING
LOAN OFFICER
LOAN OFFICERS
LOAN PAYMENTS
LOAN PORTFOLIO
LOAN PORTFOLIOS
LOAN RECOVERY
LOAN REPAYMENT
LOAN RESOLUTION
LOAN TERMS
LOCAL BANK
LONG-TERM LIABILITIES
MAKING PAYMENTS
MARKET COUNTRIES
MARKET RISK
MARKETABLE SECURITIES
MATURITIES
MATURITY
MATURITY MISMATCHES
MINORITY SHAREHOLDERS
MORTGAGE
NEGOTIATIONS
NET PROFITS
NON-PERFORMING LOAN
NON-PERFORMING LOANS
NONPAYMENT
NPL
OBLIGATIONS TO CREDITORS
OUTSTANDING DEBT
OVERSEAS DEBT
PARTNER BANKS
PAYMENT DEFAULT
PAYMENT HISTORY
PAYMENT OBLIGATIONS
PAYMENT PROBLEM
PAYMENT PROBLEMS
PENALTY
PLEDGES
PORTFOLIO
PORTFOLIO SUPERVISION
POTENTIAL BORROWER
PRIORITY OF CLAIMS
PRIVATE EQUITY
PROCUREMENT
PROFIT MARGINS
PROPERTY TAXES
PUBLIC SECTOR DEFICITS
REAL ESTATE COLLATERAL
REGULATORY AUTHORITIES
REMEDIES
REPAYMENT
RETURN
RETURNS
RISK MANAGEMENT
RISK MANAGEMENT SYSTEM
SECURITY AGREEMENTS
SECURITY INTEREST
SECURITY INTERESTS
SETTLEMENT
SHAREHOLDER
SHAREHOLDERS
SHORT-TERM BORROWING
SMALL BUSINESS
STOCK OPTIONS
SUBORDINATED DEBT
SUPERVISORY BOARD
SURETY
TITLE
TRADE UNIONS
TRANSACTION
TRANSFER OF RESPONSIBILITY
TRANSFER OF SECURITY
TRANSPARENCY
TRUSTEE
TURNOVER
UNSECURED CLAIMS
VALUATION
VOIDABLE PREFERENCE
VOIDABLE PREFERENCES
WARRANTS
WILLINGNESS TO PAY
WORKING CAPITAL
WORKOUT
WORKOUTS
spellingShingle ACCOUNTING
ACCOUNTS RECEIVABLE
ARBITRATION
ARREARS
ASSET CLASSIFICATION
ASSET PRICE
ASSET QUALITY
ASSET RESOLUTION
ASSET SALES
BALANCE SHEET
BANK BALANCE SHEETS
BANK LOAN
BANK LOANS
BANKING REGULATIONS
BANKING SECTOR
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY COURT
BANKRUPTCY FRAMEWORK
BANKRUPTCY LAW
BANKRUPTCY LAWS
BANKRUPTCY PETITION
BENEFICIARY
BORROWER
BUSINESS BORROWER
BUSINESS PLAN
CASH FLOW
CASH FLOWS
CASH MANAGEMENT
CASH SHORTAGES
CENTRAL BANKS
CHANGES IN OWNERSHIP
CLAIMANTS
COLLATERAL
COMMERCIAL BANK
COMMERCIAL BANKS
COMPANY LAW
COMPANY LOAN
CONCESSION
CONFLICT OF INTEREST
CONFLICTS OF INTEREST
CONSEQUENCES OF BANKRUPTCY
CONSUMER LOANS
CONTINGENCY PLANNING
CONTRACT LAW
CONVERSIONS
CORPORATE GOVERNANCE
CORRUPTION
COSTS OF COLLECTION
COUNTRY RISK
CREDIBILITY
CREDIT RISK
CREDITOR
CREDITORS
CURRENCY
DEBT
DEBT FINANCING
DEBT FORGIVENESS
DEBT INSTRUMENTS
DEBT OBLIGATIONS
DEBT PAYMENT
DEBT RELIEF
DEBT-EQUITY
DEBT-EQUITY SWAPS
DEBTOR
DEBTS
DEFAULTS
DISBURSEMENT
DISPUTE RESOLUTION
DISPUTE RESOLUTION MECHANISM
DISTRESSED ASSET
ENCUMBRANCES
ENFORCEABILITY
EQUIPMENT
EQUITY CONVERSION
EQUITY CONVERSIONS
EQUITY INVESTMENTS
EQUITY WARRANTS
ESTATE
EXPORTERS
EXTERNAL DEBT
FILING FOR BANKRUPTCY
FINANCE CORPORATION
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DIFFICULTY
FINANCIAL DISTRESS
FINANCIAL HEALTH
FINANCIAL INFORMATION
FINANCIAL INSTITUTION
FINANCIAL INSTITUTIONS
FINANCIAL PROBLEMS
FINANCIAL REPORTING
FINANCIAL STATEMENTS
FORECLOSURE
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FRAUD
FREE MARKET
FUTURE FINANCIAL CRISIS
GOING-CONCERN
GOVERNMENT DEBT
GOVERNMENT INTERVENTION
ILLIQUIDITY
INDEBTEDNESS
INDIVIDUAL LOAN
INDIVIDUAL LOANS
INFORMATION SYSTEM
INFORMATION SYSTEMS
INFORMATION TECHNOLOGY
INSOLVENT
INSOLVENT BANKS
INSURANCE
INSURANCE POLICIES
INSURANCE PREMIUMS
INTEREST CALCULATIONS
INTEREST PAYMENT
INTERNATIONAL BANK
INTERNATIONAL FINANCE
INVENTORY
INVESTING
JUDGMENT
JUDGMENTS
JURISDICTION
JURISDICTIONS
LEGAL ACTION
LEGAL ENVIRONMENT
LEGAL PROCEDURES
LEGAL REQUIREMENTS
LEGAL SYSTEMS
LENDER
LENDERS
LETTERS OF CREDIT
LEVERAGE
LIABILITY
LIENS
LINES OF CREDIT
LIQUID ASSETS
LIQUIDATION
LIQUIDATION PROCEEDINGS
LIQUIDITY
LIQUIDITY RISK
LOAN
LOAN ACCOUNT
LOAN ACCOUNTS
LOAN AGREEMENT
LOAN AGREEMENTS
LOAN AMOUNTS
LOAN BALANCE
LOAN CATEGORIES
LOAN CLASSIFICATION
LOAN DOCUMENTATION
LOAN MONITORING
LOAN OFFICER
LOAN OFFICERS
LOAN PAYMENTS
LOAN PORTFOLIO
LOAN PORTFOLIOS
LOAN RECOVERY
LOAN REPAYMENT
LOAN RESOLUTION
LOAN TERMS
LOCAL BANK
LONG-TERM LIABILITIES
MAKING PAYMENTS
MARKET COUNTRIES
MARKET RISK
MARKETABLE SECURITIES
MATURITIES
MATURITY
MATURITY MISMATCHES
MINORITY SHAREHOLDERS
MORTGAGE
NEGOTIATIONS
NET PROFITS
NON-PERFORMING LOAN
NON-PERFORMING LOANS
NONPAYMENT
NPL
OBLIGATIONS TO CREDITORS
OUTSTANDING DEBT
OVERSEAS DEBT
PARTNER BANKS
PAYMENT DEFAULT
PAYMENT HISTORY
PAYMENT OBLIGATIONS
PAYMENT PROBLEM
PAYMENT PROBLEMS
PENALTY
PLEDGES
PORTFOLIO
PORTFOLIO SUPERVISION
POTENTIAL BORROWER
PRIORITY OF CLAIMS
PRIVATE EQUITY
PROCUREMENT
PROFIT MARGINS
PROPERTY TAXES
PUBLIC SECTOR DEFICITS
REAL ESTATE COLLATERAL
REGULATORY AUTHORITIES
REMEDIES
REPAYMENT
RETURN
RETURNS
RISK MANAGEMENT
RISK MANAGEMENT SYSTEM
SECURITY AGREEMENTS
SECURITY INTEREST
SECURITY INTERESTS
SETTLEMENT
SHAREHOLDER
SHAREHOLDERS
SHORT-TERM BORROWING
SMALL BUSINESS
STOCK OPTIONS
SUBORDINATED DEBT
SUPERVISORY BOARD
SURETY
TITLE
TRADE UNIONS
TRANSACTION
TRANSFER OF RESPONSIBILITY
TRANSFER OF SECURITY
TRANSPARENCY
TRUSTEE
TURNOVER
UNSECURED CLAIMS
VALUATION
VOIDABLE PREFERENCE
VOIDABLE PREFERENCES
WARRANTS
WILLINGNESS TO PAY
WORKING CAPITAL
WORKOUT
WORKOUTS
International Finance Corporation
Corporate and SME Workouts : A Manual of Best Practice
description Bank loans can become non-performing because of problems with the borrower s financial health, problems with the design or implementation of lender protection features, or both. In ascertaining how to deal with a problem loan, it is important to distinguish between a borrower s ability to pay and willingness to pay, Making this distinction is not always easy and requires effort. This manual was written as a guide for lending institution staff dealing with non-performing loans (NPLs) extended to corporations and small and medium enterprises (SMEs). It deals with both ad hoc and systemic financial distress and delves into how borrower problems may have arisen in the first place. It provides guidance to lending institutions staff responsible for handling individual problem loans and to senior managers responsible for organizing portfolio-wide asset resolution.
format Working Paper
author International Finance Corporation
author_facet International Finance Corporation
author_sort International Finance Corporation
title Corporate and SME Workouts : A Manual of Best Practice
title_short Corporate and SME Workouts : A Manual of Best Practice
title_full Corporate and SME Workouts : A Manual of Best Practice
title_fullStr Corporate and SME Workouts : A Manual of Best Practice
title_full_unstemmed Corporate and SME Workouts : A Manual of Best Practice
title_sort corporate and sme workouts : a manual of best practice
publisher Washington, DC
publishDate 2015
url http://documents.worldbank.org/curated/en/2011/06/24102450/corporate-sme-workouts-manual-best-practice
http://hdl.handle.net/10986/21740
_version_ 1764449092805591040
spelling okr-10986-217402021-04-23T14:04:04Z Corporate and SME Workouts : A Manual of Best Practice International Finance Corporation ACCOUNTING ACCOUNTS RECEIVABLE ARBITRATION ARREARS ASSET CLASSIFICATION ASSET PRICE ASSET QUALITY ASSET RESOLUTION ASSET SALES BALANCE SHEET BANK BALANCE SHEETS BANK LOAN BANK LOANS BANKING REGULATIONS BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY COURT BANKRUPTCY FRAMEWORK BANKRUPTCY LAW BANKRUPTCY LAWS BANKRUPTCY PETITION BENEFICIARY BORROWER BUSINESS BORROWER BUSINESS PLAN CASH FLOW CASH FLOWS CASH MANAGEMENT CASH SHORTAGES CENTRAL BANKS CHANGES IN OWNERSHIP CLAIMANTS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMPANY LAW COMPANY LOAN CONCESSION CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSEQUENCES OF BANKRUPTCY CONSUMER LOANS CONTINGENCY PLANNING CONTRACT LAW CONVERSIONS CORPORATE GOVERNANCE CORRUPTION COSTS OF COLLECTION COUNTRY RISK CREDIBILITY CREDIT RISK CREDITOR CREDITORS CURRENCY DEBT DEBT FINANCING DEBT FORGIVENESS DEBT INSTRUMENTS DEBT OBLIGATIONS DEBT PAYMENT DEBT RELIEF DEBT-EQUITY DEBT-EQUITY SWAPS DEBTOR DEBTS DEFAULTS DISBURSEMENT DISPUTE RESOLUTION DISPUTE RESOLUTION MECHANISM DISTRESSED ASSET ENCUMBRANCES ENFORCEABILITY EQUIPMENT EQUITY CONVERSION EQUITY CONVERSIONS EQUITY INVESTMENTS EQUITY WARRANTS ESTATE EXPORTERS EXTERNAL DEBT FILING FOR BANKRUPTCY FINANCE CORPORATION FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DIFFICULTY FINANCIAL DISTRESS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PROBLEMS FINANCIAL REPORTING FINANCIAL STATEMENTS FORECLOSURE FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FRAUD FREE MARKET FUTURE FINANCIAL CRISIS GOING-CONCERN GOVERNMENT DEBT GOVERNMENT INTERVENTION ILLIQUIDITY INDEBTEDNESS INDIVIDUAL LOAN INDIVIDUAL LOANS INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSOLVENT INSOLVENT BANKS INSURANCE INSURANCE POLICIES INSURANCE PREMIUMS INTEREST CALCULATIONS INTEREST PAYMENT INTERNATIONAL BANK INTERNATIONAL FINANCE INVENTORY INVESTING JUDGMENT JUDGMENTS JURISDICTION JURISDICTIONS LEGAL ACTION LEGAL ENVIRONMENT LEGAL PROCEDURES LEGAL REQUIREMENTS LEGAL SYSTEMS LENDER LENDERS LETTERS OF CREDIT LEVERAGE LIABILITY LIENS LINES OF CREDIT LIQUID ASSETS LIQUIDATION LIQUIDATION PROCEEDINGS LIQUIDITY LIQUIDITY RISK LOAN LOAN ACCOUNT LOAN ACCOUNTS LOAN AGREEMENT LOAN AGREEMENTS LOAN AMOUNTS LOAN BALANCE LOAN CATEGORIES LOAN CLASSIFICATION LOAN DOCUMENTATION LOAN MONITORING LOAN OFFICER LOAN OFFICERS LOAN PAYMENTS LOAN PORTFOLIO LOAN PORTFOLIOS LOAN RECOVERY LOAN REPAYMENT LOAN RESOLUTION LOAN TERMS LOCAL BANK LONG-TERM LIABILITIES MAKING PAYMENTS MARKET COUNTRIES MARKET RISK MARKETABLE SECURITIES MATURITIES MATURITY MATURITY MISMATCHES MINORITY SHAREHOLDERS MORTGAGE NEGOTIATIONS NET PROFITS NON-PERFORMING LOAN NON-PERFORMING LOANS NONPAYMENT NPL OBLIGATIONS TO CREDITORS OUTSTANDING DEBT OVERSEAS DEBT PARTNER BANKS PAYMENT DEFAULT PAYMENT HISTORY PAYMENT OBLIGATIONS PAYMENT PROBLEM PAYMENT PROBLEMS PENALTY PLEDGES PORTFOLIO PORTFOLIO SUPERVISION POTENTIAL BORROWER PRIORITY OF CLAIMS PRIVATE EQUITY PROCUREMENT PROFIT MARGINS PROPERTY TAXES PUBLIC SECTOR DEFICITS REAL ESTATE COLLATERAL REGULATORY AUTHORITIES REMEDIES REPAYMENT RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT SYSTEM SECURITY AGREEMENTS SECURITY INTEREST SECURITY INTERESTS SETTLEMENT SHAREHOLDER SHAREHOLDERS SHORT-TERM BORROWING SMALL BUSINESS STOCK OPTIONS SUBORDINATED DEBT SUPERVISORY BOARD SURETY TITLE TRADE UNIONS TRANSACTION TRANSFER OF RESPONSIBILITY TRANSFER OF SECURITY TRANSPARENCY TRUSTEE TURNOVER UNSECURED CLAIMS VALUATION VOIDABLE PREFERENCE VOIDABLE PREFERENCES WARRANTS WILLINGNESS TO PAY WORKING CAPITAL WORKOUT WORKOUTS Bank loans can become non-performing because of problems with the borrower s financial health, problems with the design or implementation of lender protection features, or both. In ascertaining how to deal with a problem loan, it is important to distinguish between a borrower s ability to pay and willingness to pay, Making this distinction is not always easy and requires effort. This manual was written as a guide for lending institution staff dealing with non-performing loans (NPLs) extended to corporations and small and medium enterprises (SMEs). It deals with both ad hoc and systemic financial distress and delves into how borrower problems may have arisen in the first place. It provides guidance to lending institutions staff responsible for handling individual problem loans and to senior managers responsible for organizing portfolio-wide asset resolution. 2015-04-14T21:24:22Z 2015-04-14T21:24:22Z 2011-06 Working Paper http://documents.worldbank.org/curated/en/2011/06/24102450/corporate-sme-workouts-manual-best-practice http://hdl.handle.net/10986/21740 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ International Finance Corporation Washington, DC Publications & Research Publications & Research :: Publication