create abd write a mini CREDIT POLICY AND PROCEDURES

ICREDIT POLICY AND PRO CEDURES PRIVATE AND C ONFIDENTIAL INDEX: Policy and O bjectives of the Credit Department: 1. GENERALPOLICIES .2 1. SPECIFIC POUICIES . .2 3. New Account Requirements: . .4 3.1 Client's responsibility: .4 3.2 Marketer's responsibility: . .4 3.3 Debtors Department's responsiblity: . .4 3.3.1 Requirement of the register. 5 3.3.2 Storing of Original Credit Application Forms 5 3.4 Cash/Urgent New Shipment. 6 3.5 Credit Application Form 3.5.1 CREDIT LIMIT REQUIRED .7 3.5.2 AUDITED FINAN CIAL STATEMENTS .7 3.5.3 BANKING DETAILS. 8 3.5.4 TRADE REFERENCES .8 3.5.5 CLOSE C ORPORATIONS / PARTNERSHIPS / SOLEPROPERTIES. 8 4. Security accepted by the Company: 8 5. CASH BEFORE DISBURSEMENT AC C OUNTS: .9 6. COLLECTION ROUTINE. 11 6.1 Interest on overdue Accounts 12 6.2 Legal Proceedings. .12 6.3 Increasing the Credit Limit 12