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This is the risk of non-payment by the Group’s customers and other counterparties with whom the Group deals. Our Receivable and Doubtful Debt Policy governs how credit risk in the Group should be managed. It comprises a framework of credit reviews, limit setting, monitoring of exposures against the limits and the management and approval of credit limit excess. Accounts receivable in excess of 180 days are closely monitored and followed up on. Limits for exposures to a single customer or group of customers are also established, and these are monitored against actual exposures.