American Express 2009 Annual Report Download - page 25

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2009 FINANCIAL REVIEW
AMERICAN EXPRESS COMPANY
RESERVES FOR CARDMEMBER LOSSES (CONTINUED)
Description Assumptions/Approach Used
Effect if Actual Results Differ
from Assumptions
180 days past due. International Card
Services (ICS) and Global Commercial
Services (GCS) cardmember receivables are
generally written off when they are 360 days
past billing.
Cardmember loans and receivables in
bankruptcy or owed by deceased individuals
are written off upon notification.
Recoveries of both cardmember loans
and receivables are recognized on a cash
basis.
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