Magazine article Business Credit

GSCFM-International Program Outline

Magazine article Business Credit

GSCFM-International Program Outline

Article excerpt

NACM's Graduate School for Credit and Financial Management International (GSCFMI) vigorously delves into complex global issues facing credit professionals across the world. The four-day program, June 22-26, will bring together the best in the field to present the tools and knowledge necessary to navigate a constantly changing global marketplace. Five primary subject matter concentrations will be presented:

Export Compliance. Instructor: Lizbeth Rodriquez-Johnson, Esq., Holland & Hart LLR The U.S. Department of the Treasury, through the Office of Foreign Asset Control (OFAC), administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals. Learn how its sanctions, embargoes and penalties are imposed and enforced and the due diligence necessary to avoid costly violations and/or imprisonment. Included topics are exploration of OFAC authority to impose controls on transactions and freeze foreign assets under U.S. jurisdiction, how sanctions are determined and best practices for maintaining documentation in the event of an audit or an enforcement action that may involve a supplier or a customer.

Basics of Foreign Exchange (FX) and How Markets Function. Instructor: Kevin Hebner, JPMorgan Chase Bank. The FX market services a global market for trading currencies and determines the relative values of different currencies through a trading platform. Learn how the FX market assists in facilitating international trade and investment and what impact FX speculation can have on the value of currencies, based on the interest rate differential between currencies. Learn the intricacies of the "interbank market" and the impact of rapid and large flows of "hot money" on currency values due to changes in interest rates, GDP growth, FX reserve balances, trade surplus/deficit balances and how recent global "sovereignty" issues have impacted currency values and currency availability of specific countries.

Political Risk and Risk Mitigation Tools. Instructor: Nelson de Castro, Wells Fargo Bank, N.A. This session provides an overview by region of current and anticipated political, economic and global issues. In-depth discussion will illustrate how these events cause pressures to the export/import cycle and how international credit managers can handle these issues to reduce the risks to their portfolio. Covering at least five of the most important risk mitigation tools credit managers have at their disposal, the instructor takes an in-depth look at customer portfolio and A/R, supplier portfolio and procurement and how the country, economic and terrorist risk affects debtors and suppliers ability to repay. …

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