T/CATIS 013-2023 Active

Scope: This document stipulates the comprehensive risk management norms for commercial factoring companies. This document applies to commercial factoring companies in establishing their own risk management systems, and it serves as a regulatory and standard-setting framework for such companies. Main Technical Content: This standard is divided into twelve sections, namely: 1. Scope 2. Normative Reference Documents 3. Purpose and Principles of a Comprehensive Risk Management System 4. Corporate Governance and Risk Prevention 5. Risk Categories 6. Model, Methods, and Strategies for Building a Comprehensive Risk Management System 7. Risk Information Collection, Risk Assessment, and Disposition 8. Construction of a Comprehensive Risk Management System 9. Risk Management Mechanisms for Factoring Businesses 10. Risk Management for Business Management and Processes in Marketing, Sales, Operations, Finance, Legal, and Compliance 11. Role of Documents in the Comprehensive Risk Management System 12. Re-Evaluation and Continuous Improvement of the Comprehensive Risk Management System Among these sections: - The first section primarily explains the regulatory content and applicability of the *Comprehensive Risk Management Norms for Commercial Factoring Companies*. - The second section specifies the standard documents referenced by the *Comprehensive Risk Management Norms for Commercial Factoring Companies*. - The third section elaborates on the purpose and principles of establishing a comprehensive risk management system for commercial factoring companies. - The fourth section, based on the characteristics of corporate governance in commercial factoring companies, proposes requirements for building a risk management culture, defining risk management strategies, establishing organizational authority, conducting qualification reviews, and implementing regular supervision. - The fifth section conceptually defines the risks that commercial f