Stage

Approval

Needs (not exclusive)

1

Initial Consideration

Preliminary Investment Committee Approval

Ownership and governance structure

Audited financial statements

Current operating and financial results

5-year business plan and projections

Preliminary agreement on terms

2

Term Sheet Issuance

3

Due diligence Assessment

Final Investment Committee Approval

On-site data collection

Interviews management and staff

Meeting with external stakeholders

Review of business policies and practice

Branch and customer visits

4

Investment Commitment

5

Documentation

CMI Board Notification

Final negotiation

Preparation of investment documents

Satisfaction of investment conditions

Local legal opinion

Execution of agreements