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What is meant by sources of risk with standbys?

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Question added by Sara Naeem , Trainee Finance officer , Wah Brass Mill
Date Posted: 2014/09/12
Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

it means risk managment. 

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. 

Risks can come from uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Sources of Risk:

Natural calamities like Flood, Hurricane, Fire, Earthquake.

Human Threats like Theft, Burglary, Piracy of Ideas, technology etc.

Social Threats like: Change in Political situations, Government policies, War, Economic Restrictions from Other countries for the dependent country.

Prices Threats: prices of common essentials like: Fuel Price, essential  commodities for life

 

Standbys: 

Insurance against various risks, Reserve from Earnings, Migrations, Governments requests and diplomatic relations, Political Elections and change of Governments.

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

I hope that I understand the question and thank you for inviting me to answer It is natural to reassure the bank in this regard must be identified on the legal form of the entity borrowed, and the rights and powers of the managers in borrowing. Facility and the borrowing authority in the contract and the guarantor and the guarantor risk here Is a reliable guarantor Does he have the ability to adhere to security

محمد رشدى محمد
by محمد رشدى محمد , Internal auditor , Intersect For Contracting

Agreed witht the answer given by Mr. Venkitaraman KRISHNA

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

agree with all answers

Abdul Wahab
by Abdul Wahab , Credit Controller , Takween Advanced Industries

 

Risk with preventive measures.

 

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Sources of Risk- Risks are any threats that are harmful to organization.Standbys- Measures/backup to prevents risk threats.

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