The Corporation and its subsidiaries are subject to credit risk. Credit risk deals with group’s
financial losses if a client or counterpart in a financial instrument fails to comply with
contractual obligations, which arise from most receivables.
The Corporation and its subsidiaries limit their exposure by analyzing credit and managing
client’s portfolio, seeking to minimize the economic exposure to a certain client and/or
market that may represent significant losses.
The Global Credit Risk Policy determines the guideline for financial credit risk management
based on the following