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. 119, No. 8, September/October

China's Debt-for-Equity Swap May Not Work after All
Chinas plans for reducing corporatesector debt by swapping debt for equity may not pan out as hoped, despite recent rules that appear to let market forces, rather than government determination, steer the effort.Launched in October of 2016, the debtfor-equity...
Correspondent Banking: A Risk Worth Taking?
Making a payment from one business to another is not always as easy as signing a check or clicking the "submit" button to complete an electronic transfer. The steps and level of complexity and risk rise when additional parties join the transaction. To...
Everything You Wanted to Know about the CMI but Were Afraid to Ask
It is important to start with why economists like me get so excited about a piece of data like that provided by NACM's Credit Managers' Index (CMI). We can only make intelligent estimates of what is happening in the world if we have reliable and timely...
Five Ways Credit Managers Can Beat Bad Debt
While the role of credit manager is variable in scope, it is usually charged with managing the credit department along with making decisions concerning credit limits, acceptable levels of risk and terms of payment to customers-in other words, reducing...
From Buzzterm to Boardroom: Big-Data Analytics Comes into Its Own
"Big-data analytics" has become a buzzterm bandied about in the media, but no matter what ones definition of it, in one form or another credit departments are increasingly using data analysis in their decision-making. Sometimes the processing power comes...
KPIs for Your Credit Department
It is time to do annual reviews for the credit department and you are looking for some new metrics that not only rate your department but also your team. You already calculate DSO (days sales outstanding) and bad-debt percentage each month, but what...
Meet NACM's 2017 Designation of Excellence Award Winners
Excited. Nervous. Confident. Accomplished. These adjectives can explain the ups and downs of the credit industry. They can also be used to describe how a credit manager or credit analyst feels during a typical day at the office or at a job site. Some...
NACM DESIGNEE SPOTLIGHT: Terry Rudd, CCE
Since January 2016, Terry Rudd, CCE, has served as credit manager for Merchants Foodservice, headquartered in Hattiesburg, MS. His history in credit includes 18 years in trade receivables and 10 years in financial institutions as a lending officer/collection...
NACM Graduate School Delivers Tools for Success
You don't have a weak handshake, do you? How's your financial statement analysis? What, exactly, are you communicating when you stand with your hands flat on a table and your shoulders hunched forward when addressing your staff? Is a trustee appointed...
NACM's CMI: Steady as She Goes
The roller-coaster ride may be over, as the up-and-down pattern seen in the Credit Managers' Index (CMI) from NACM has come to an end, but hopefully the car is poised at a crest rather than a trough. The combined index score for August at 55.1 is slightly...
News Briefs
Federal Reserve NewsLook to the Federal Reserve Banks' Same Day ACH Resource Center to get the latest updated information on Same Day ACH. Some of the latest updates include: The U.S. Treasury is committed to participating in Same Day ACH as of Sept....
'Point in Time' versus 'Through the Cycle' Credit Ratings: A Distinction without a Difference
There has long been a debate in the risk management industry about whether traditional credit ratings are intended to be "point in time" ratings or whether they are intended to be "through the cycle" credit indicators. Since ratings were invented in...
Receipt under Section 503(b)(9) Means Physical Receipt: A Mixed Bag for Trade Creditors
On its face, Section 503(b)(9) of the Bankruptcy Code looks deceptively easy to apply. It grants a goods seller an administrative priority claim for the value of goods sold to the debtor in the ordinary course of its business that the debtor had received...
Securing Payment through Payment Bonds
For construction projects owned by federal, state or local governmental entities, contractors and suppliers can't use mechanics liens to secure payment on the job.Instead, the federal Miller Act and state Little Miller acts require a party to the projects...
Sometimes Ya Win
I recently had two cases that illustrate how important spouses are to the credit community. I figured I'd share the tales because in one case I won and in the other I lost. In their differences, there's a lesson to be learned.Case No. 1The first case...
The Future Is Here
Over the past decade, David Feigenbaum has noticed an evolution in a substantial portion of his customer base from the traditional brick-and-mortar-type companies to a more technologically sophisticated set of organizations involved in e-commerce and...
The Global Reach of the U.S. Foreign Corrupt Practices Act
The U.S. Foreign Corrupt Practices Act (FCPA) remains one of the most important legal and compliance risks for companies engaged in international business. Holland & Hart is often asked by our internationally based clients and prospective clients...
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