International Credit Management Resources
a great idea to dramatise a subject like credit risk.
I hope this becomes a trendsetter..." (Reader Comment)
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ON THIS SITE AND THROUGH THE GOOGLE SEARCH
FACILITY ABOVE YOU WILL FIND INFORMATION AND TOOLS THAT WILL
EQUIP YOU TO MAKE INNOVATIVE CREDIT DECISIONS
a link to credit management resources; including practical articles, step-by-step guides, example
texts. This is your gateway to a feast of information. New material is added regularly.
& Quotes - brief informal notes about new technologies, strategy and credit topics of
general interest. Also some interesting or topical quotations.
HEADLINE NEWS & RECENT ADDITIONS
The Chameleon in the Room:
Embrace Business Risk - Assure Survival & Growth
Chameleon in the Room is available in Paperback and eBook/Kindle versions;
use the links below to purchase your copy. It
is unusual as it provides tools specifically designed to manage risks that
are often ignored by executives; the same risks that have surprised and
fatally wounded many giant enterprises, and countless SMEs.
It particularly addresses the concerns and responsibilities of
Executive Directors, Non-Executive Directors, ‘C-Suite’ Executives,
SME Executives and Start-up Entrepreneurs.
Paperback and pdf versions are available from eStoreT3P
to look inside the book and read an extract from chapter two.
version is available from CreateSpace
Paperback and Kindle versions are available
and Amazon.de, -.fr, -.it, -.nl and -.es
Kindle versions are available from Amazon.co.jp, -.in, -.au, -.com.mx,
-.br and -.ca.
|Book Review of Credit Risk Management - The Novel in The Asset Magazine
March 2015 edition of The Asset the Assistant Editor, Christoph Kober,
reviews Credit Risk Management – The Novel (Part One). Here is a
brief extract: “In The Novel, Wells presents technical concepts in
a manner that is enlightening to anyone interested in how oil majors and
traders fuel the world economy.
In the sometimes covert world of commodities, the
book reveals how large oil majors can do business even with nefarious
traders and national oil companies with erratic payment patterns.
advice wrapped in lively accounts of how large commodity deals are
brokered make the book a helpful guide not only to credit professionals
but treasurers and financial directors as well.
read the whole Book Review click here
Professor of Credit Management Recommends Credit Risk Management
– The Novel
The Professor of Credit Management and MSc Finance,
Programme Leader at a prestigious UK
University, and Programme Leader for the Singapore Accounting Academy
(SAA-GE), has read and
now recommends ‘Credit Risk Management – The Novel’.
To advise her decision she wrote as follows:
“I have recommended your book to a few libraries and added it to
my ‘other’ recommended reading list.” Click here
for more information.
BPO & Friends have a Stranglehold on the LC and will soon finally lay
it to rest…
Read why every business that accepts Standby Letters of Credit as
collateral cover (security) for its sales transactions should switch to
requiring Bank Payment Obligations (BPOs).
Discover how the BPO-Plus (BPO & Friends) will gradually but
inexorably replace transaction related Documentary LCs over the next five
years or less.
The considerable rewards intrinsic to using BPO and electronic
documents in combination are available to every trading partnership today;
you should be benefiting - click here.
Payment Obligations (BPOs) – Basics for Corporate's
you are a Seller or Buyer of goods this article provides the basic
information you need in order to start replacing Standby Letters of Credit
and/or Documentary Letters of Credit (LCs) with the BPO or BPO-Plus
Credit Risk - The Future & Career Prospects
Ron Wells presented this topic at the IECA
Europe 28th European Credit Education Group Conference in Athens, on
June 24, 2014. Click here
to view or download the supporting presentation material.
Oman Crude Oil Futures (OQD)
Dubai Mercantile Exchange’s OQD contract is becoming the crude oil
pricing benchmark for the Asian market, displacing the Dubai Crude Oil
Futures contract. It
is important to understand the credit risk implications of trading in
these and the associated OTC Oman Crude Oil Contracts.
This article clearly covers all important points.
Day BFOEs - Understanding the related Credit Risk
Previous 2001/03 notes updated as per April 2014 )
ICE Brent Crude Futures and 25 Day BFOE
(Brent-Forties-Oseberg-Ekofisk) Forward contracts create the basis
for the determination of the cost of more than 65% of the crude oil
bought and sold in the world. However the jargon and processes related
to the wider Brent Futures and BFOE market are not easy to unravel.
Understanding the credit risk implications is even more challenging.
This article clearly covers all important points.
Lecture Series' Presentations Delivered by Ron Wells
Click to access a copy of the supporting PowerPoint:
1: Strategic B2B Credit Risk Management
2: Performance (Pre-Delivery) Risk Management
Payment (Post Delivery) Risk Management
Letter of Credit Legal Decisions (
is probably the most important centre of trade finance in
. The linked notes cover a number of significant decisions on trade
finance handed down by the
courts in recent years. Kindly supplied by Toh Kian Sing of legal firm Rajah
Weblog is available for the Global
Credit Management Group:
Please click on this link
and subscribe (free) to receive notices whenever the Blog is updated or
comments are added. You are encouraged to visit the Weblog regularly
and to submit any questions you may have related to international B2B
credit management. Likewise to suggest books and articles that other
Blog visitors may find interesting and to post reviews. Suggestions
regarding new techniques and technologies are also welcome. Send an
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LIMITED is pleased to advise that the Chinese version of Global
Credit Management - an Executive Summary (simplified
characters) is now available only as an eBook (pdf)
because the Hardcover version is
out of print.
Copies may be purchased through eStore T3P, simply click
on the button:
This book is an ideal gift
for Chinese business executives of all types; Chief Executives (CEOs),
Chief Financial Officers (CFOs), Treasurers, Credit Managers,
Entrepreneurs starting or running their own businesses.
This is a gift the receiver will use and cherish
for many years.
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