Glossary entry

English term or phrase:

MCC/ ECC

English answer:

management credit committee / executive credit committee

Added to glossary by Mokhtar Nabaleh
Sep 13, 2021 19:27
2 yrs ago
31 viewers *
English term

MCC/ ECC

English Bus/Financial Human Resources Job Description
As special assignment to the job description holder she/he performs the following:

- Act as Secretary of MCC/ ECC/ Investment and risk and inter audit committees

- Coordinate with Legal Office by providing the necessary information/ documentation and financial figures and follow up the execution / stopping the legal actions.

- Oversees the collection efforts complying with company policy and procedures.

Discussion

Lisa Rosengard Sep 13, 2021:
Here are 2 references:
https://www.acronymfinder.com/Business/MCC.html
I suggest 'Measurement Computing Corrporation' = MCC,
and ECC might be:
https://acronym24.com/ecc-meaning-in-business-finance/
Equity Commitment Committee or European Commitment Commission

Responses

+2
41 mins
Selected

management credit committee / executive credit committee

Without any other context and since it's finance related,

"Other than BRC, the Bank has – six credit committees:
Board Credit and Investment Committee (BCIC), Executive Credit Committee (‘ECC’), Management Credit Committee (‘MCC’), Consumer Credit Committee (‘CCC’), Remedial Credit Committee (‘RCC’) and Classification and Provisions Committee (‘CPC’)"
https://www.e-gulfbank.com/en/media/2020-report-31402_v10_tc...

"The Bank currently has four committees for approving credits, including Board Credit Committee (BCC), Management Credit Committee (MCC), Executive Credit committee (ECC) and Retail & Business Banking Credit Committee (RBBCC). "
https://www.rns-pdf.londonstockexchange.com/rns/4488Z_1-2019...

Morgan Stanley
"Industry Related Terms, Definitions and Abbreviations
ECC Executive Credit Committee...
MCC Management Credit Committee"
https://www.morganstanley.com/indiaofferdocuments/pdfs/RBL_B...
Peer comment(s):

agree Agneta Pallinder
12 hrs
agree philgoddard : There's a goid chance this is correct if the context is banking.
15 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
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