FINSFMB513 - Present credit options to clients with special financial circumstances (Release 1) Role Play - Conversation (Allan Parker) Scenario Instructions You are to use the Product Comparison done for Allan Parker (Practical Skills Assessment 2 - FNSFMB512) and organise either a telephone call, a meeting, or a video conference with your client Using the product comparison previously completed, you are to: . Guide your clients through credit options. This should cover. 0 Loan amount / lending limit 0 Advantages & disadvantages of each option o Risks associated with the product . Discuss the impact of each option During this discussion the client is to ask you the following question: As opposed to my existing investment property that is geared positively, I would like to negatively gear this one. Would you mind helping me ascertain the financial gain I would make towards my payable tax by doing so? You are required to identify any issue that needs further consideration and either address this issue yourself or notify the client if the matter needs consultation with other financial services professionals. You are to escalate the risk or concern with the required personnel. . Explain the fees, charges, and commissions . Disclose any tiered or commercial relationship of representative and organisation with the options . Confirm dient understanding of the credit options with the use of open-ended questions . Obtain agreement to proceed with one credit option from the clients