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Credit Scoring: The Principles and Practicalities

 CONTENTS

Preface                                                                                    ......    v

Chapter 1 - An Introduction to the Principles                     ......     1

Chapter 2 - What is a Scorecard?                                         ......     7 

Chapter 3 - Data and Definitions                                         ......   14 

Chapter 4 - Odds, Information and Weight                         ......   22 

Chapter 5 - Credit Scoring Systems                                      ......   27  

Chapter 6 - Credit Bureau Data and its Use                        ......   35 

Chapter 7 - The Scorecard Build Process                             ......   42 

Chapter 8 - Simple Scorecards - a Users Perspective         ......   52 

Chapter 9 - Scorecard Validation                                       ......   61 

Chapter 10 - Cut-off Strategies                                            ......   69 

Chapter 11 - Lending Strategies                                           ......   77 

Chapter 12 - Scorecard Application Monitoring                 ......   86 

Chapter 13 - Scorecard Performance Tracking                    ......   93 

Chapter 14 - Scoring, Portfolio and Data Analysis            ….. 100 

Chapter 15 - Credit Bureau Scores and Strategies              ...... 110 

Chapter 16 - Profitability and Profit Scoring                     ...... 115 

Chapter 17 - Customer Scoring                                            ...... 122 

Chapter 18 - Recessions and Recession Scoring                 ...... 133  

Chapter 19 - Neural Scoring                                                 ...... 138 

Chapter 20 - Bayesian Belief Scorecards                             ...... 144  

Chapter 21 - Issues and the Future of Credit Scoring         ...... 148 

Chapter 22 – In-house Scorecard Development                   ...... 155 

Chapter 23 – How to Cheat with Credit Scoring                 ...... 163 

Quick Reference Guide: Formulae and Tables

           i      - Kolmogorov - Smirnov Test                              ...... 175

           ii     - Chi-Squared Test                                               ...... 176

           iii    - Normal, z Test                                                   ...... 177

           iv    - Students t Test                                                   ...... 178

           v      - Stability Index                                                   ...... 179

           iv    - Information Value                                              ...... 180

           vii   - Conversaion equations                                       ….. 181 

About the Authors                                                                  ...... 183

Glossary of Terms                                                                   ...... 187

Index                                                                                        ...... 199