Section 6Sec./Art. 6

Minimum Requirements for Risk Management System of Credit Card Issuers. - To effectively deliver services and at the same time safeguard their interests, the credit card issuer and acquirer must establish an appropriate system for managing risk exposures arising from credit card operations. Such risk management system shall be documented in a complete and concise manner, and shall cover the organizational set-up for the institution engaged in or unit handling the credit card business, its information management system, as well as accounting policies and procedures, internal and external functions, and internal control system.