Subject category:
Knowledge, Information and Communication Systems Management
Published by:
Ivey Publishing
Version: 1998-06-22
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https://casecent.re/p/15945
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Abstract
The vice president of credit risk management at Standard Bank, has to make a decision about how to proceed with disposing of a property held as security on a loan. She knows that, if fixed up, the property can sell for as much as $625,000. The only other alternative is to sell the property as is, without taking possession. However, with this option Standard Bank can expect to receive no more than $350,000.
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Abstract
The vice president of credit risk management at Standard Bank, has to make a decision about how to proceed with disposing of a property held as security on a loan. She knows that, if fixed up, the property can sell for as much as $625,000. The only other alternative is to sell the property as is, without taking possession. However, with this option Standard Bank can expect to receive no more than $350,000.