INTERNATIONAL ASSOCIATION OF CREDIT

THE PRIMARY EXEMPT PURPOSES OF THE ASSOCIATION ARE AS FOLLOWS:A. TO FURTHER THE UNDERSTANDING AND MANAGEMENT BY FINANCIAL INSTITUTIONS OF THEIR CREDIT EXPOSURES, BOTH ON- AND OFF-BALANCE SHEET AND HOWSOEVER EVIDENCED, CREATED OR ORIGINATED, BY PROVIDING A FORUM FOR MEMBER INSTITUTIONS TO EXCHANGE IDEAS ON TOPICS OF PRACTICAL INTEREST;B. TO CREATE A FORUM FOR THE DISCUSSION OF ISSUES OF RELEVANCE TO PARTICIPANTS IN CREDIT MARKETS AND TO COOPERATE WITH OTHER ORGANIZATIONS ON ISSUES OF MUTUAL CONCERN IN ORDER TO PROMOTE COMMON INTERESTS;C. TO INFORM ITS MEMBERS OF LEGISLATIVE AND ADMINISTRATIVE DEVELOPMENTS AFFECTING PARTICIPANTS IN CREDIT PORTFOLIO MANAGEMENT; TO PROVIDE FORUM FOR ITS MEMBERS TO EXAMINE AND REVIEW SUCH DEVELOPMENTS; AND TO REPRESENT EFFECTIVELY THE COMMON INTERESTS OF ITS MEMBERS BEFORE LEGISLATIVE AND ADMINISTRATIVE BODIES AND INTERNATIONAL OR QUASI-PUBLIC INSTITUTES, BOARDS AND OTHER BODIES; ANDD. TO FOSTER RESEARCH ON CREDIT PORTFOLIO MANAGEMENT.