Global Credit Management Group (GCMG) is a virtual organization that
brings together individuals dedicated to liberating the power of credit, thereby
enabling credit to work its magic and increase economic growth.
It was inspired by the exploits of Credit Agent 007.24 Samuel James Bond
in the mid-nineties. That amazing
story illustrated the way forward for 21st century credit management.
two hundred year old traditional approach to credit management is no longer
order to secure their rightful place in history GCMG members are dedicated to
adding value to their employer firms, to increasing sales safely, and to
providing competitive advantage. The
fragmented, looking back, and sales prevention approaches of the 20th century
must be overthrown. There is a
this site from time to time to find links to reports on the latest developments
receiving GCMG attention.
can join the GCMG; all that is required is to adopt a 21st century attitude to
out more about the 21st century approach to global credit management by reading Global
Credit Management - An Executive Summary by Ron Wells.
Click here for details.
the GCMG e-mailing list to receive alerts when new material is added to this
website, by clicking here.
007.24 story can be accessed by clicking here.
GCMG Member Focused Reports:
Art of Assessing, Quantifying and Managing Buyer or Supplier Future
Physical Performance Risk
Performance Risk is not the same as Payment Risk so it is not correct to
apply the same Probability of Default, Potential Future Exposure at
Default, and Loss given Default measures to both. The current
general practice of applying the same measures to both leads to an
erroneous, usually exaggerated, assessment of the risks related to future
physical performance. An alternative method is proposed to answer
the response that 'there is no other way', and to initiate a
debate, was presented at the 3rd Annual Credit
Risk in Energy Trading Conference. Also
refer to an extended article on this subject by clicking this link: English;
or for the Chinese version click this link: Chinese.
Taleb’s Black Swan*?....twice?…..so now what?
* The Black Swan – The Impact
of the Highly Improbable, Nassim Nicholas Taleb 2007, Penguin Books
to obtain a copy of the Chinese version of the article. Order the book
Emission Credits Trading
|Forensic Cash Flow
( A 21st Century Global Credit Management Tool )
|Basel II - What it means to Credit Managers
| Credit Management in 2015
|Credit in 2010 - A Scenario
There is a better way to manage your Credit Department, it just hasn't
quite been invented yet ...
|Portfolio Risk Management