Credit risk in trade transactions

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Credit risk in trade transactions

− The LOTOS Group operates an internal procedure for verifying the creditworthiness of trading partners seeking an open credit limit. Grupa LOTOS grants such limits based on assessment of partners’ creditworthiness, taking into account the available data and information. The final decision on the amount of trade credit limit is made by persons responsible for credit decisions in line with their assigned responsibilities. The utilisation of credit limits is monitored on an ongoing basis.