This course introduces the concept of Regulatory Approval Dependency (RAD) within the Commercial Vehicle Retail Credit framework. It focuses on understanding how certain credit decisions depend on regulatory, legal, or approval-based conditions before they can be finalized.
Learners will explore the key assessment dimensions—including insolvency status, borrower viability, asset valuation, and repayment capacity—and how each must be independently evaluated and documented. The course also clarifies how RAD differs from broader credit management processes, highlighting its specific role in identifying approval dependencies and managing potential breaches.