Business Credit articles from November 2001

Business Credit archives from November 2001

Understanding Russian Banking. (Book Review).(Brief Article)
November 1, 2001... Professor Mikhail K. Lapidus Published by Mir House International Inc. Dr. Lapidus states in the introduction to "Understanding Russian Banking" that Russian bankers have taken upon themselves the responsibility of acting as catalysts to...

Endings and Beginnings. (National Commentary).
November 1, 2001... As the year draws to a close, I can't help but reflect back on the many challenges that have tested all of us on so many levels. Personally and professionally, we have been tested time and time again throughout 2001. As this year draws to a...

UCP500. (Business Credit Selected Topic).
November 1, 2001... This is the first in a series of commentaries which will examine UCP500 systematically and in detail, concentrating on individual Articles and sub-Articles as they apply both to importers and exporters. The emphasis will be on their practical...

Businesses Need to Take Action Against Threat of Terrorism. (Communique).
November 1, 2001... David Carrithers, Chief Bee Keeper of BusinessHive, a Saint Louis-based consulting team, is calling for a "national dialogue within all American businesses, no matter the size, nor the industry. This dialog should be about how companies can...

Association for Financial Professionals Forms Strategic Alliance with National Association of Credit Management. (Press Release).(Brief Article)
November 1, 2001... On November 12, 2001, it was announced that an alliance was formed between the Association for Financial Professionals (AFP, www.AFPonline.org) and NACM. Members of AFP will gain access to a variety of NACM credit management content and...

Beyond Letters of Credit: Innovations in Trade Finances; They're new. They're high-tech. They're relatively untested. And they're exploding the menu credit managers must consider for guaranteeing payments and turning receivables into cash.
November 1, 2001... They're back! Those pre-recessionary times when business is slumping, and cash is hard to come by; when customers are tempted to delay their payments, making life difficult for credit and collection managers. But this time, there are a slew of...

A Debtor's Return of Goods to Its Pre-Petition Supplier: At Last a Court Speaks. (Business Law).
November 1, 2001... This article is dedicated to all of the heroes of 9/11/01 and, in particular, the police and firefighters who risk their lives every day to protect all of us. Introduction Section 546(h) of the Bankruptcy Code, sometimes known as...

Does Reporting Your Debtor's Bad Check to Prosecutors Violate the Automatic Stay? (Legal Corner).
November 1, 2001... You authorize a "cash sale" to a sole proprietorship customer. Your delivery driver picks up a check from your customer with delivery of the goods. The goods are delivered, but when the business check from your customer is presented, it is...

How to Communicate During Times of Crisis. (Professionals at Work).
November 1, 2001... As we all struggle to return some sense of normalcy to our lives after the September 11, 2001 World Trade Center attacks, the nation as a whole yearns for leadership so its people can find strength. Instinctively, we look to our President to...

The Principles of XYZ Company During This Time of Crisis. (Professionals at Work).
November 1, 2001... Developing principles that will guide your company during times of crisis is an essential step to helping your staff get through any tragedy. Using the recent events that transpired at the World Trade Center in September as a model, below are...

Listening Your Way to the Sale. (Personal Outlook).
November 1, 2001... With customers today being more sophisticated than they were just 10 years ago, salespeople in every industry are up against a new set of challenges. No longer does a slick sales presentation guarantee a signed contract. In fact, anything that...

Supplier Credit and Credit Networks Step up to the Plate: The Role of Business Credit During Deteriorating Business Conditions. (Business Credit Selected Topic).
November 1, 2001... Credit quality at many large corporate borrowers is eroding, according to recently published research from Moody's Investors Service, Fitch, Inc. and S&P, making it necessary for banks to prepare themselves against possible future defaults....

National Awards Program.
November 1, 2001... Once again, the National Association of Credit Management will honor the outstanding performance and accomplishment of credit executives. We are requesting your nominations for the National Credit Executive of the Year, the National Designation...

Leveraging Export Credit Insurance to Mitigate Foreign Risk and Expand International Sales. (International Affairs Section).
November 1, 2001... Has a lucrative international deal slipped through your fingers because your international trading partner could not arrange local financing? Has an overseas customer given a contract to a European firm instead of your company because of better...

Hot Spots: Pakistan. (International Insight).
November 1, 2001... Pakistan will get all the financial help needs to bridge its external-accounts gaps and make the foreign debt load bearable. This means that the greatest risk to be considered by companies with exposure to Pakistanis, at this point,...

Security in Web-Based Finance: The Internet as a Strategic Tool for Finance Departments. (Business Credit Selected Topic).
November 1, 2001... As e-business infrastructures extend into finance departments, a new paradigm is emerging-- one of sharing financial information digitally across traditional boundaries. In modem finance, buyers, suppliers, financial institutions, logistics...

American Check Management: Bringing Value-Added service to the Credit Department. (Case Study).
November 1, 2001... More than 65 billion checks are written each year in the U.S. with most commercial transactions paid by check. In the business arena, many of the transactions made by check require still more attention, such as special handling for a sale made...

The New Trade Finance.
November 1, 2001... Introduction The Internet revolution continues its headlong pace, with new products and alliances being announced daily by banks, technology companies and service providers. The vision of the new e-trading world is of seamless, automated...

106th Credit Congress and Exposition Optional Tours.
November 1, 2001... Monday, June 10 LAS VEGAS HIGHLIGHTS TOUR TIME: 8:30am - 2:30pm COST: $95.00 This adventurous morning begins with a brief city tour down the Las Vegas Boulevard and Fremont Street. Then guests are off to tour the...

Grand Canyon. (NACM'S Post-Convention Trip).
November 1, 2001... June 14th, 15th and/or 16th The Grand Canyon, one of the Seven Natural Wonders of the World, can be overpowering with its enormous size and beautiful color. This is a site you don't want to miss! Looking from the rim, you can experience...

New Award Established by NACM Carolinas. (Member News).(Brief Article)
November 1, 2001... At the May 2001 meeting of the newly elected board of NACM Carolinas, Inc., the board established the Leland L. "Pete" Petersen Award. This award was in honor of our past president, Pete Petersen, who was hired as president at a most critical...

NACM Rhode Island and Southeastern New England. (Member News).
November 1, 2001... The newly appointed officer, Brenda Lynch, accepted the position as 2nd vice president, replacing Arlene Siravo who resigned.

NACM-New England, Inc.'s Credit Executive of the Year. (Member News).(Brief Article)
November 1, 2001... NACM-New England, Inc. would like to congratulate Elaine Sousa of Fishery Products International, Inc. on her achievement of Credit Executive of the Year. This award is bestowed on an experienced credit executive who has exhibited outstanding...

The National Food Equipment Manufacturers Credit Group. (Member News).(Brief Article)
November 1, 2001... The National Food Equipment Manufacturers Credit Group, sponsored by NACM Credit Services, Inc. of Kansas City, awarded the first annual John Tilmann Award of Excellence at their September credit meeting in Orlando, Florida during the NAFEM...

Texas Mechanic's and Materialman's Liens--The Basics. (Construction Corner).
November 1, 2001... INTRODUCTION The statutory scheme governing the construction industry in Texas is very complex due to the Texas Legislature's efforts to create a system that is fair to all segments of the construction industry. Since the days of the...

Money Laundering Solution For Financial Institutions: Falcon for Money Laundering to Battle $1 Trillion Problem. (Communique).(Brief Article)(Statistical Data Included)
November 1, 2001... According to Secretary of State Colin L. Powell, winning the war on terrorism will involve more than military actions. The challenge for the civilized world will be "going after, and dealing with, the sources of support that terrorists have."...