Business Credit

Business Credit is a magazine covering finance, business risk management and provides information for the extension of credit, maintenance of accounts receivable, and cash asset management. It is published 10 times per year by the National Association of Credit Management.Subjects for Business Credit include banking, finance and investments.

Articles from Vol. 105, No. 7, July/August

Defending a Preference Claim under the Solvency Defense: What the Vendor Must Prove
Your customer files Chapter 11. Two years later, you receive a demand letter from the litigation trustee demanding return of payments within the 90 days of the customer's filing. You consider the common preference defenses-contemporaneous exchange, ordinary...
Growth in Turnaround Business May Be Leveling Off
Indications from the latest poll of Turnaround Management Association (TMA) practitioners are that the explosive growth of the turnaround industry in the past few years may have peaked and is beginning to level off. More of the respondents to the 2003...
Hot Spots: China
The short-term effects of SARS on the Chinese economy have been considerably less severe than widely feared and the long-term ones will be virtually negligible. This is becoming fairly obvious, now that the World Health Organization has acknowledged...
Is There a Weak Link in Your Supply Chain?
The most successful businesses regularly review the quality of their professional relationships. "But this is so obvious," people say, "We understand what we have to do to be successful." Even though the basics may be obvious, how many of us are 100...
Latin America Economic Growth and Trade after Argentina
Latin America is inching slowly along the road to recovery from the crisis that began in Argentina in 2001 and quickly swept though most Latin nations, pulling down trade across the region in 2002 and into 2003. U.S. exports to South America fell more...
Letter of Credit Beneficiary Beats Issuing Bank Based on Conforming Documents and Untimely and Improper Dishonor
IntroductionA letter of credit issuing bank must pay a letter of credit beneficiary that presents documents conforming with the requirements of the letter of credit. By the same token, the bank can refuse to pay on a letter of credit where the beneficiary...
Managing Credit and Application Fraud Risks in a Volatile Economy: Technology Is Key
With lending as one of the key drivers of today's eeonomy, lenders are faced with considerable opportunities-and risks. The Internet has speeded up the process-and expectations-of loan originators. Adding competitive pressures to be both fast and accurate,...
Meet Ralph Rimualdo, CCE
NACM-National ChairmanUnlike many who eventually choose credit as a career, Ralph grew up understanding credit, as he went with his father on rounds to collect his accounts receivable when he was a kid. It is no accident that he ended up in that field...
NACM's 107th Credit Congress - Member Perspective
In my never-ending quest to continue my education, certification points and professional networking opportunities I attended NACM's 107th Credit Congress & Exposition, held June 1st through 4th, 2003, at the Walt Disney World Swan and Dolphin Hotel...
New Financial Standards
Sarbanes-Oxley Act has far-reaching impact on financial communityThe Sarbanes-Oxley Act of 2002 (Public Law 107-204) is perhaps the most far-reaching legislation affecting the financial services industry since the U.S. securities and exchange laws were...
Reaching for 100 Percent
When I was a boy, my mother always told me to aim for 100 percent, with the likelihood that I'd get 75. I always questioned that advice, since I was never happy with 75 percent when I was-after all-striving for 100. That was only 10 points from just...
Securing Cyberspace
An article in The Washington Post on May 20, 2003 explained how a Washington D.C.-based provider of ethnology for online payment transactions was attacked by a group of hackers from Russia. The nightmare started when the provider received an e-mail from...
The Scam That Will Not Die
Nigerian advance-fee scams have fooled Americans for decades. Thanks to the Internet, they're now staging a disturbing resurgence.Imagine turning on your computer and finding an e-mail like this:CONFIDENTIAL: Dear Sir, Good day and compliments. This...
The Ten Commandments of the Economic Crime "Boss"
The Ten Commandments of the typical fraud "Boss". How the most hardened fraudsters run their "businesses"...Check fraud, identity theft, and securities fraud. The type of economic crime is unimportant. Today's white-collar mobster wannabes follow a set...
Warning Signs of Fraud
Business credit fraud is a catastrophic risk: even if your company survives a major fraud, it can be left badly damaged.Credit fraud is one of the fastest growing challenges for businesses today: costing American businesses $400 billion in 1996, to over...
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