Ask a risk consultant: Indirect lending

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr In a recent risk and compliance webinar we call “Office Hours,” we met with several hundred credit unions to discuss the questions they have with the lending landscape today.The vice president of a $765-million-dollar credit union had a great question regarding auto dealerships: What should credit unions be doing to manage due diligence and indirect lending in our dealer relationships? Ongoing due diligence for automobile dealerships in indirect lending programs is critical to your program’s success. In fact, in situations where relationships were loosely managed and monitored, credit unions have seen some of the largest losses caused by unscrupulous dealerships and their employees or practices.  To minimize the risks, be sure to: Understand how the dealership fits into your member demographics, loan growth and risk appetite strategies. Have a clear understanding of the dealership’s operational structure, and conduct reviews regularly including on-site visits and sales staff interviews.  continue reading »last_img read more

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TenneT Issues Dutch Offshore Platform Contract Call

first_imgDutch offshore grid operator TenneT TSO B.V. has issued a call for competition for the construction, transport and installation of an offshore platform for a Hollandse Kust offshore wind zone.TenneT will develop at least 3,500MW of offshore connections by 2023; all with a standardised concept of 700MW per connection. The platforms will connect offshore wind farms to the onshore grid by HVAC sea cables.The platforms within one area will be connected by means of a 66kV cable. The platforms are to carry high-voltage switching and transformation equipment as well as auxiliary facilities.Intake power from the wind farms will be 66kV, export power from the platform will be 220kV. The scope of the intended contracts includes design, engineering, production, delivery, transport and installation of topside and jacket, TenneT said.Source: TenneTThe Hollandse Kust zone is divided into two areas: The 1,400MW Hollandse Kust (South) and the 700MW Hollandse Kust (North). TenneT has awarded Petrofac with a contract to build the Hollandse Kust (South) Alpha and the optional Hollandse Kust (South) Beta platform.The 700MW Hollandse Kust (Noord) platform is yet to be tendered.Further information on the contract notice can be found here.last_img read more

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Beat writers predict Syracuse to blow out Texas Southern in final nonconference game

first_imgSyracuse (9-3) faces Texas Southern (1-9) in its final nonconference game of the season on Sunday at 2 p.m. in the Carrier Dome. The second-ever meeting between these two teams will be broadcast on ESPNU.Read what our beat writers predict will happen in the game:Sam Blum (8-4)Syracuse 78, Texas Southern 52Holiday LeftoversSyracuse practiced on Christmas and enjoys a nice feast at the expense of Texas Southern on Sunday. The Orange finishes the nonconference season as it should, by picking apart a team that has won just one game this season. TSU has one of the worst defenses in college basketball, and lost by 20 to Clemson, the only other Atlantic Coast Conference foe on its schedule. Happy holidays.Jesse Dougherty (8-4)Syracuse 76, Texas Southern 57Southern comfort AdvertisementThis is placeholder textSyracuse hasn’t blown many teams out this season, but it collects its third straight lopsided win in the Carrier Dome on Sunday. The Tigers are a rare undersized, not-so-talented team that doesn’t hoist 3-pointers, making them an outside candidate to be effective against the Orange zone. Because of that, SU is stingy on defense and literally runs Texas Southern out of the stadium before turning its focus to Pittsburgh and the start of ACC play.Matt Schneidman (8-4)Syracuse 76, Texas Southern 54Mess with TexasThere’s a formula to beat the zone but Texas Southern doesn’t have it. The Tigers are a physically inferior team and one not exactly keen on hoisting from beyond the arc. Syracuse gets to double-digit wins with ease and it may be a bit misleading. But before a daunting ACC slate begins with Pittsburgh, the Orange will take a win however it comes. Comments Related Stories Syracuse basketball opponent preview: What to know about Texas SouthernWhat we learned from Syracuse’s win over Montana State Facebook Twitter Google+center_img Published on December 26, 2015 at 7:33 pmlast_img read more

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