Assessing a new credit line request

Example: Get the true picture on a counterparts’ solidity . Photo: iStock. Illustration is from the EyesClear platform.

Jose works in the Financial Institutions department for a Mexican bank. A Guatemalan bank has approached him and would like to have an intraday overdraft facility for funds transfers.

His first reply is to kindly decline given the poor press and economic situation Guatemala faces. However, the Guatemalan bank’s CEO personally calls Jose: he wants to assure Jose that they are bankable and he would like to demonstrate Jose its daily operations in real-time.

Through the use of EyesClear, CEO and Jose could review past transactions of the Guatemalan bank. Jose analyses the bank’s transactional flows and other information, and is surprised to see that Guatemalans have solid operations.

Jose plans to discuss an overdraft facility with his credit department following return to Mexico.