CO2
Emission Credits Trading
Challenges Credit
Management
Read
why certain counterparties could suffer negative consequences due to the
introduction of Emission Credits trading |
21
Day BFOs - Understanding the related Credit Risk
21 Day BFO (Brent-Forties-Oseberg) 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 BFO market are not easy to unravel.
Understanding the credit risk implications is even more challenging.
This article clearly covers all important points. |
| PERFORMANCE
RISK MANAGEMENT: |
Assessing,
Quantifying and Managing Buyer or Supplier Performance Risk in the
Physical World is the Challenge
This article discusses the methods currently used to assess Performance
Risk, their efficacy and what alternatives may be considered.
Additional comments can be read on the BWcr weblog: Margining
and Value at Risk - is there a better way? |
| LIQUIDITY
RISK MANAGEMENT: |
Hedging
Future Commodity Price Risk Can Damage Your Company’s Liquidity:
Hedging future commodity
price risk is something to consider, only if you guard against the
chance that the outcome could damage your company’s liquidity and/or
its competitive position. Click here
to obtain a copy of the Chinese version of the article. |
| CREATING
THE FUTURE FOR CREDIT MANAGEMENT: |
|
Early 21st Century International Credit Manager (circa
2010)
This article explores the role of the International Credit
Manager in the 21st Century, by means of a fictional scenario set in Europe in
the year 2010. The art of Scenario
Planning is also explained.
|
There is a better way to
manage your Credit Department, it just hasn't quite been invented yet
...
"In the early 21st Century commercial credit management is still
a mixture of art and science. It is almost exclusively focused on the
day to day micro-management of individual customer accounts or
individual sales transactions." This will change. |
| PAYMENT
SECURITY INSTRUMENTS: |
|
Payment Undertakings
A Buyer's 'Purchase Confirmation & Payment Undertaking' linked
to
can be an alternative form of payment risk cover ('insurance') when the Buyer
refuses to provide an LC directly, or where the Seller wants to give the
appearance of providing unsecured (open) credit.
|
|
Other alternative Forms of
Payment Security - PN's and/or DG's
A practical guide for the use of Promissory Notes (PN's) and/or
Demand Guarantees (DG's) as payment risk cover, rather than Letters of Credit
(LC's).
Available in Russian and English.
|
|
Letters
of Credit Covering Oil Commodity Transactions
Jeremy Francis, formerly a Credit Specialist with ChevronTexaco Global Trading
(London), explains some of the novel features of these Letters
of Credit (LCs). He includes a discussion of Letters of Indemnity for Missing
Documents (LoIs) and Price Escalation Clauses.
Published with permission.
Contact
Jeremy via email at: Jeremy Francis
(New Zealand).
|
Significant
Letter of Credit Legal Decisions (
Singapore
Courts)
Singapore
is probably the most important centre of trade finance in
Asia
. The linked notes cover a number of significant decisions on trade
finance handed down by the
Singapore
courts in recent years. Kindly supplied by Toh Kian Sing of legal firm Rajah
& Tann. |
|
Credit Insurance - Risk Cover Options for
Emerging Markets
This article explains two non-traditional
ways in which Credit Insurance can be put to work in high risk emerging
markets. These methods could provide profitable sales opportunities where none
exist today.
|
| TRADE
CREDIT SCORECARD & LIMIT MODEL: |
|
Trade Credit ScoreCard & Credit Limit
Model - A Report
Experts say ‘it cannot be done’, but you can read how one company
developed its own Trade Credit ScoreCard.
"(this) work serves as an excellent foundation for those interested in
building their own models. Studying (Ron's) methods and approach will also provide
credit professionals with an understanding of credit scoring in the B2B
world."
Read this Institute of Management & Administration’s report on a
presentation given in New York - reprinted with permission.
|
|
Credit ScoreCard & Limit Model - Case
Study
An animated PowerPoint presentation that leads you through the analysis of an
anonymous USA based Oil Refining & Petroleum Products Marketing company.
This is a combined Russian & English presentation that may take a few
moments to download.
|
| NEW
TECHNOLOGY: |
|
Bolero
Bolero.net services enable the creation of viable electronic alternatives to
paper documents. This is a vitally necessary building block for B2B electronic
commerce and it has arrived. A
Bolero.net Project Report provides some practical guidelines,
and a previously written article (May 1999)
provides additional background information.
|
| OPERATING
ABROAD: |
|
Operating Effectively in the International Arena
Effective meetings and negotiations with people from other countries and
cultural backgrounds, requires careful preparation. "Respect"
is the key word. These three articles provide some guidelines based on practical
experience and research.
 | Cultural Differences. This article outlines
some significant differences which must be borne in mind when dealing with
people from Europe, Russia, Central Asia and North America. |
| International Business Travel. This
piece lists some practical hints for International Credit Managers who are
preparing to travel to a country for the first time. |
|
