Normative Requirements on Credit Contract Risks Prevention

摘要

Credit stands for a complex banking product. Inadequately monitored, the lending process involves major risks which can cause bankruptcy, or even chain-reactions. The Romanian legislator, the National Bank of Romania (NBR) and banks themselves have conceived, as a compulsory regulation, a system of legal techniques and instruments in order to prevent and reduce banking credit risk, in the whole and diversity of its forms: loan, opening of credits, discount, acceptance, avalisation, free guarantees, surety ship, factoring, forfeiting and financial leasing. All the techniques mentioned above shall be analyzed within the present work, on the one hand from the perspective of external control of credits, while on the other hand from the perspective of contractual and internal perspective of credits, in order to prove in the end the fact that they are essential for the quality of any credit portfolio, but also to rate them within an unitary system to be used by all the interested persons, theoreticians, practitioners or simple banking services consumers.