Business Credit articles from April 2003

Business Credit archives from April 2003

NACM Calendar.(National Association of Credit Management)(Calendar)
April 1, 2003... APRIL April 7, 2003 Audio Teleconference: Critical Vendor Orders Presenter: Bruce Nathan, Esq., Davidoff & Malito For more information, please contact the NACM Meetings Dept. April 9-11, 2003 FCIB International Credit...

It's a new world out there. (Credit Column).
April 1, 2003... It's a new world out there: our business environment keeps changing in response to the changing world economy. Information moves at the speed of light: corporate quarterly earnings are broadcast by email to mass audiences. We are all too...

Hidden opportunities in credit fraud risk management. (Selected Topic).
April 1, 2003... In recent years, open-terms credit fraud has become a tremendous threat to a widening circle of businesses and industries. In fact, it is not uncommon for companies in some industries to experience fraud loss rates equal to 25 percent or more...

Environmental impact: the changing credit reporting landscape. (Feature Article).
April 1, 2003... It has now been over a quarter century since I first entered the commercial credit profession (would you believe I was a 12 year-old junior achievement participant?).At that time, credit report options were pretty limited. TRW (now Experian)...

A trade creditor's ability to assert an administrative claim from a debtor's post-petition rejection of pre-petition purchase orders: Not so fast! (Credit Column).(Bradlees Stores Inc.)
April 1, 2003... Introduction A trade creditor's customer has just filed for bankruptcy. Prior to the bankruptcy, the customer had placed an order for the purchase of goods with the creditor. Then, following the bankruptcy, after the creditor had incurred...

Credit insurance: an asset in today's marketplace. (Selected Topic).
April 1, 2003... There are many insurance products that cover the risk of loss from virtually every conceivable peril. Some insurance products simply provide a transfer of risk from the policyholder to the insurer, while other insurance solutions provide a full...

Warning signs of troubled companies: tightening liquidity. (Selected Topic).(lack of liquidity)
April 1, 2003... Tightening Liquidity Liquidity is the lifeline of a company. Cash is king.. .as it deteriorates so does the company's ability to fund operations, reinvest and meet capital requirements including payments to the trade. With that said, a...

Structured continuous improvement in the credit function. (Selected Topic).
April 1, 2003... In the quest for career advancement, lucrative incentive increases and/or overall job satisfaction, leading edge credit executives arc consistently searching out means by which their organizations' performances may be improved. Structured...

Asset-based lending: A creative financing alternative for many cash-strapped businesses. (Selected Topic).
April 1, 2003... The economic slowdown of the past couple of years has affected different companies in different ways, but one effect that's currently hitting many small businesses right between the eyes is the bank credit crunch. Non-performing loans at...

A great reputation speaks for itself.(Robert Half Finance & Accounting)
April 1, 2003... For more than 50 years, Robert Half Finance & Accounting has been the world's first and largest recruiting firm specializing in the placement of accounting and finance professionals. Listed below is a sampling of positions available through...

The sky is falling! (Feature Article).(bankruptcy stats)
April 1, 2003... One would think with all the negative economic news that the sky is falling on the creditworthiness of our customers! Based on a few facts, these are "interesting" times, but not exactly catastrophic. In early 2002, Kmart collapsed, then came...

NACM's 107th credit congress & exposition. (Credit Congress & Expo).(National Association of Credit Management)
April 1, 2003... June 1-4, 2003 Orlando, FL Educational Sessions Saturday, May 31 8:30am - 5:00pm 11000-11004. Certificate Session: Business Credit Principles Instructor James McIntyre, CCE, McIntyre Enterprises, Ltd. Total CEUs: 3.0...

Management turnarounds: the external elements. (Selected Topic).(economic theory)
April 1, 2003... Introduction As discussed in Section One (January 2003 Business Credit), the internal environment contains the controllable elements in a business. The external environment is not controllable and consists of elements that can be...

Worldwide Credit Conditions.
April 1, 2003... At a Glance: WORLDWIDE CREDIT CONDITIONS ECONOMIC GROWTH GDP % change from previous quarter Q1 02 Q2 02 Q3 02 Q4 02 U.S. 1.2 0.3 1.0 0.4 Canada 1.5 1.2 0.8 0.4 Mexico 0 0.7...

Hot spots: Peru. (International Section).(agriculture-and resource-based economy wound up with results in 2002 that surpassed most initial estimates)
April 1, 2003... Peru's agriculture-and resource-based economy wound up with results in 2002 that surpassed most initial estimates. One of its broadest measures, domestic demand, which comprises private as well as government consumption and investment, powered...

FCIB's continuing focus on professional excellence--the CICE designation. (International Section).(Finance, Credit and International Business)(Certified International Credit Executive)
April 1, 2003... Finance, Credit and International Business (FCIB) has tailored a professional designation, the Certified International Credit Executive (CICE) designation, to elevate international professional standards and signify those who demonstrate a...

Bankruptcy Law in Argentina: practice and procedure. (International Section).
April 1, 2003... The continuing economic crisis in Argentina has resulted in increasing incidences of default by public and private debtors that have adversely affected both domestic and foreign creditors. This article examines existing Argentine legislation...

Japan: Economic issues. (International Section).
April 1, 2003... Japan, at one time the second largest economic power in the world, has been struggling for a long time now. The Japanese economy, based on traditional ways of doing business, went from being a thriving economy to one less and less successful in...

Risk rating an international corporate risk portfolio. (Selected Topic).
April 1, 2003... Portfolio risk-rating models for corporate credit have been in popular use for several years. Organizations that have large numbers of corporate credits have found that the development and use of a rating, or credit scoring model, provide many...

European Commissionaire Scheme and credit and collections. (Focus on Europe).
April 1, 2003... For the last ten years and like many others functions, credit and collections (C&C) teams in Europe have been facing numerous challenges, due to tough market situations and to the new EU market conditions. Just a few examples of what has...

Automating the financial supply chain. (Selected Topic).
April 1, 2003... "Discovery consists of seeing what everybody has seen and thinking what nobody has thought." --Albert Szent-Gyorgyi, biochemist and Nobel Prize winner 1937 Looking back at notes made during a workshop that I was chairing in 1996, it...

Export control regulations in an age of worldwide terrorism. (Selected Topic).
April 1, 2003... Most export transactions do not require specific approval from the U.S. Government, but for certain export transactions to take place legally an export license is required. Generally speaking, licenses are required when the product intended for...

Massachusetts mechanic's lien law. (Credit Column).
April 1, 2003... OVERVIEW On August 9, 1996, former Governor Weld signed into law Chapter 364 of the Acts of 1996, making major revisions to Chapter 254 of the General Laws, which is the mechanic's lien statute. This legislation effected the most...

Assignment for the benefit of creditors: salvaging value from a sinking ship. (Selected Topic).(bankruptcy)
April 1, 2003... It is inevitable that a significant portion of companies in new or emerging industries will come to a point where they are no longer viable and must pursue an ultimate disposition strategy. Of course, businesses in mature industries may also...

Retainage: an idea whose time has come, and gone. (Communique).(construction industry)
April 1, 2003... Imagine how your dentist would react if you told him or her, prior to an appointment, that you were not planning on paying the full amount of the bill until you were convinced the dental work was "defect-free". Using common sense, most people...