Tuesday, April 29, 2014

The Mr.Sakchai P. Leach, Pat Vice President of TISCO Bank says the situation overflowing stocks car

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First car turbulent market does not quit. Dealer worse after purchasing halted. "Swelling stock - Liquidity is" Bank credit tightening. Track Credits showrooms nationwide The Republic Traffic julep batted julep dreaded stock wind. Snap open to clear the debt gradually - do not let the new limits. As the market has hit hard campaign. julep Farmer shocked the ensuing debt soared. The auto dealer for carrying out relief measures.
Of the impact julep of tax policy, the first car that was purchased prior to retrieval. This year new car buying market falters. Car crashes showroom overflows Although the campaign was intense. But Kurdistan forecasts are buying was not better. And the dealer car crashes tight liquidity. Therefore, financial institutions will have to watch the situation closely, fear is the bad debt.
Teeth extend credit dealer car Mr.Isra Wongrung President KLeasing Thailand Co., said the credit for the dealer (Ford Plant) at this time began to see that over the loan term. from the same night, it will take 30-60 days credit. Extend up to about 90 days because the dealer used car loan from car manufacturers already. But it can not drain away. Since the market began to dry out during the campaign first car. It is a situation that requires careful
If the dealer has a liquidity problem. I have a program help extend its debt to the dealer as a 60-day supply some 20% after 90 days to pay an additional 30% and 90 days to pay the remaining 50% of such and will leave the amount added to until. julep Customers will be repaid in the period before. While the joint campaign with the dealer to help drain the car faster way.
Check dreaded Dark Wind stock "Now we need to risk management and control. In particular, the vehicle inventory If the dealer but they did not use the full amount of stock car was a danger signal. Loan Plan for Fort still worrisome, because the aim of lending clarity, but more than 60% of dealers to recover the promissory notes (P / N) with a bank that is not clearly defined purpose. If control is not good to be dangerous ".
While the dealer julep was trying to adapt as well. We like to help slow the car manufacturer delivery. Some car companies also help with keeping julep the car carrying cost for one term before. julep Wait a dealer destocking away and get new ones into Charlotte. So between this credit and interest was not walking.
"If a dealer car business seriously is rarely a problem. Most can not repay loans. Except for the dealer to put money to misuse the credit julep facilities to buy it. When selling a car, it should be returned to the financial institution. But if not overnight, then roll out to investment risk, otherwise it will be damaged easily ".
Watch debts first vehicle struck. Mr Freeman said Direction of credit in the second half seems to be growing slowly. After starting to see signs that the first car and the car had a bad loans rose. And prices fall until the car came to be sold at a loss by 20-25%, which is the Bank of Thailand (BOT) are most concerned about at this time. So the second half of the financial institution would have to slow the market down.
The Mr.Sakchai P. Leach, Pat Vice President of TISCO Bank says the situation overflowing stocks car dealer julep as a result of the artificial demand that occurred late last year. Cause the dealer to bear this cost. Of common stock to clear and restore the whole loan finished in 45-60 days, it must be extended somewhat. Which bank is flexible But I tried to make the dealer pay a gradual period of 20-30% is expected by the end of this year or early next year I will be back to normal.
Tightening the use of the wrong type. Now TISCO Bank team was instructed to check the inventory of a dealer strict as well. And check more frequently than ever before. Particularly credit signs that there may be problems such as slow or gradual start paying a monthly julep pay period. Meanwhile, it must take care not to.

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