The Turks and Caicos Financial Services Commission (TCIFSC) in partnership with Eastern Caribbean Institute of Banking and Financial Services will be hosting a Credit Analysis Workshop on August 20- 21st, 2014 at the Regent Palms in Providenciales.
Banks lenders, Mutual Funds Companies as well as Commission staff from relevant departments will gather for two day training sessions. The interactive sessions will seek to address pertinent issues surrounding effective credit analysis and underwriting practices for Mortgages lending and Contractor Loans.
TCIFSC Managing director, Kevin Higgins, while stressing that the Commission was dedicated to continue providing a learning platform for TCI financial services providers, said: “This workshop is designed to provide credit officers with the rudiments of the theory and practices of sound lending.”
He added: “With the rise of delinquent loans, a workshop providing tools and approaches to address the principle issues of credit risk management and project financing is timely. The FSC welcomes the expertise of the Eastern Caribbean Institute of Banking and Financial Services in this field.”
Patrick Thomas and Louis Parris from the Eastern Caribbean Institute of Banking and Financial Services will facilitate the training sessions. Both Instructors will conduct sessions related to their individual proficiency.
Patrick Thomas has a significant expertise in commercial credit and corporate risk analysis while Louis Parris has specific experience in personal loans and held a major role in setting up and working with the first “Ready Credit” Center for personal lending in the Caribbean.
The sessions will cover a variety of topics such as: personal lending and various types of mortgages, lending guidelines, qualifying a borrower, equity as well as collateral. On day two of the workshop, participants will review commercial real estate lending, risk assessment, security, insurance, debt service and monitoring in depth.
TCIFSC chairman Sir Errol Allen will address participants during the opening ceremony.

