Magazine article Business Credit

After 75 Years, FCIB Still Provides Valuable Services

Magazine article Business Credit

After 75 Years, FCIB Still Provides Valuable Services

Article excerpt

Risk is the bane of the international credit manager's existence. All credit managers are concerned with evaluating the risk of the buyer's insolvency. On top of that, international credit executives must also consider sovereign risk and the vagaries of foreign exchange. In an increasingly competitive global economy we look for ways to facilitate sales and, hopefully, mitigate risk.

Companies engaged in cross-border trade need to identify, analyze, and manage all aspects of international credit risk. Membership in FCIB is a critical tool in getting this job done. Over its 75-year history, FCIB meetings, reports, and networking opportunities have made it the preeminent international credit organization in the world today.

FCIB Round Table meetings date to the inception of the association in 1919. The issues and questions discussed both in the U.S. and Europe are drawn from Agenda Committees that poll the membership to ensure that the items addressed are topical and of concern to international credit and finance managers. Innovative approaches and the challenging of older notions provide a fresh look at credit.

The seasoned managers who attend FCIB meetings maintain contacts, help answer questions, and learn from the experience of their colleagues. Members often contribute firsthand knowledge on specific countries based on recent business travel.

FCIB meetings in the U.S. and Europe have, in the last year, helped members find scarce bank confirmations of letters of credit, identified ways to successfully export into difficult markets, and provided practical solutions to hundreds of problems. …

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