APS 240 Risk Management of Credit Card （APS 240信用卡的风险管理）.pdfVIP

July 2003 Prudential Standard APS 240 - Risk Management of Credit Card Activities Index Objective Principles Board and Management Supervision Credit Risk Liquidity Risk Operational Risk i July 2003 Prudential Standard APS 240 - Risk Management of Credit Card Activities Objective This standard aims to ensure that ADIs implement proper measures to monitor and control the risks associated with their credit card activities. Index Principles Board and Management Supervision 1. The Board of an ADI must ensure that the ADI has established a comprehensive risk management process for managing and monitoring the risks associated with its credit card activities. This should include policies, systems and procedures for approving new merchants and credit card applicants, ongoing monitoring of their credit quality, and fraud control. 2. The Board and senior management of an ADI should receive and review regular reports which detail risk management information on its credit card operations such as the number of new merchants and cardholders, account attrition, portfolio compositions, sales volumes, credit quality, chargebacks and frauds. Index Credit Risk 3. The primary risk to credit card issuers is credit risk. Card issuers reimburse card acquirers for transactions on behalf of their cardholders and undertake the associated risk that the cardholder will not make payment as expected. As a result, credit risk management is critical for