Business Credit back issues from March 2006:
World Risk Assessment, 2006.(Brief article)
Mar 01, 2006 ... According to Coface, world growth should remain steady in 2006, still underpinned by strong American and Chinese demand. However, concerns remain about persistent pressure on company margins, especially in industrialized countries and in Asia. * Stiff competition is making it ...
Critical business value.(front page)(Brief article)
Mar 01, 2006 ... Today there are many sources for getting information you need in your dairy life ... books and other publications in print and online, CDs/DVDs, the Internet, NACM's Resource Library, web blogs and other media. But it's important to understand that to be plugged in to your field of ...
Hermes ACI chief economist encourages "careful observation".(front page)(financial markets analysis)(Brief article)
Mar 01, 2006 ... The potential for another increase in the Fed Funds rate, philosophical changes with a new Fed chairman, and a worrisome declining trend in the Credit Manager's Index (CMI) could impact business and economic conditions in the spring, according to economic analysis from Euler Hermes ACI ...
New York, Nigeria sustain "riskiest eCommerce" titles.(front page)(Brief article)
Mar 01, 2006 ... For the second time in as many years, eCommerce merchants named New York City as the riskiest North American metro area for eCommerce in an annual online fraud survey undertaken by CyberSource. Nigeria was chosen as riskiest country, also for the second straight year. By "riskiest," survey ...
March/April.(calendar)(Calendar)
Mar 01, 2006 ... MARCH March 1 FCIB Book Publishers Export Credit Group Meeting Time-Life Building, New York, NY For more information, please contact FCIB at 410.423.1840. March 6 Nationwide Certification (CBA, CBF, CCE) Exam Test Date For more information, please contact the NACM ...
Change the odds.(COMMENTARY)
Mar 01, 2006; ... A former United States President once said, "Volunteering is an act of heroism on a grand scale. And it matters profoundly. It does more than help people beat the odds; it changes the odds." I've spent quite a lot of time thinking about that statement in the past few months and I've great ...
Meet Dennis Walsh, CCE, CEW.(B/E Aerospace Inc.)(Interview)
Mar 01, 2006 ... Dennis Walsh, CCE, CEW is Director of Credit for B/E Aerospace, Inc.--and like many members, entered the workforce with expectations of a different career; originally planning to become an accountant. However, his first job out of college was Controller for a plumbing wholesale company, ...
NACM: the one-stop credit information source.(National Association of Credit Management)
Mar 01, 2006; ... There are a number of ways belonging to NACM makes life easier for credit professionals--and the ability to get good and timely credit information is one of them. Credit professionals need instant access to credit information on new customers and for existing customers that request new ...
Credit groups: a best practice for credit managers.
Mar 01, 2006 ... As industries become increasingly national, even global, credit managers find less opportunity to get together, network and exchange useful information. Fortunately, they can stilt gather at industry credit group meetings organized through the National Association of Credit Management ...
Selected credit and legal hurdles in the wake of a natural disaster.(REQUIRED READING)
Mar 01, 2006; ... Louisiana remains in the early stages of economic recovery from the hurricanes of 2005. Although a state of unique culture, food and music, it may take many years to return to the pre-hurricane world of "laissez les bons temps rouler" (let the good times roll). In this "sober" ...
Preventive measures to avoid bankruptcy risk.(SELECTED TOPIC)
Mar 01, 2006; ... For most unsecured creditors, a corporate bankruptcy filing spells disaster. Bankruptcy has increasingly become a vehicle for controlled auctions by Chapter 11 debtors that primarily benefit their banks. Unsecured creditors face the prospect of recovering only a few cents on the dollar. ...
NACM Credit Manager's Index: report for January 2006.(CREDIT MANAGER'S INDEX)(National Association of Credit Managers)(Statistical data)
Mar 01, 2006 ... January's Credit Manager's Index continues to suggest that the economy is reasonably strong, but it also shows a worrisome downward trend, advises Dan North, Chief Economist with credit insurer Euler Hermes ACI. While the Index now stands at 53.7, indicating modest economic growth, it is ...
Small business credit scoring.(REQUIRED READING)
Mar 01, 2006; ... Lending to small business has traditionally been a very time-consuming and costly proposition for banks and other financial intermediaries. The main reason for this is the extent of asymmetric information in the small business credit market, reducing competition in the small business ...
2006 CFO outlook: a survey of what manufacturing chiefs expect.(chief financial officers)
Mar 01, 2006; ... Nearly three out of four manufacturing chief financial officers (73 percent) expect their company's revenues to increase in the coming year--and nearly half (46 percent) predict increased profit margins. That's according to the eighth annual survey of mid-size and large U.S. manufacturing ...
Alan Greenspan: unique methodology, uncommon insight.(Federal Reserve Board)
Mar 01, 2006; ... As Alan Greenspan prepares to step down from a post he has held nearly two decades, he leaves behind a legacy that can be called eventful, at the very least. Many on Wall Street and in economic academia refer to Greenspan as the greatest central banker to ever exist, after he steered the ...
Financial statements are still valuable tools for predicting bankruptcy.(SELECTED TOPIC)
Mar 01, 2006 ... Despite growing public skepticism over how useful financial statements are in providing information to investors, researchers at Stanford's Graduate School of Business have found that the value of financial ratios for predicting bankruptcy has not declined significantly over time. ...
B2B electronic payments: putting wind in the sails.
Mar 01, 2006; ... Despite the formidable incumbent status of the check in business-to-business transactions, its dominance will wane. Various industry, technological and regulatory trends will propel the adoption of e-payments. The economic interests of banks, third-party solution providers and corporations ...
Ten hiding places for business credit risk.(REQUIRED READING)(commercial credit insurance analysis)
Mar 01, 2006; ... Business credit risk often poses a dilemma for both borrowers and lenders. A bank's first B I priority when extending credit collateralized by trade receivables is to protect the interests of its investors. Lenders typically rely on over-collateralization techniques as a primary means to ...
Check 21 and the migration to electronic payments.(SELECTED TOPIC)(rules for banking system)
Mar 01, 2006; ... The implementation of Check 21 legislation in the fourth quarter of 2004 further accelerated the migration from paper to electronic payments. At the time, it was estimated that banking institutions would need to invest in the front-, middle-, and back-office infrastructures with total ...
Spotlight on Credit Congress speakers.(NACM's 110th Credit Congress Exposition)
Mar 01, 2006 ... Don't miss these and other engaging speakers as they share their expertise on a vast array of subjects, from leadership skills to finance and legal topics to international credit management issues. Wanda Borges, Esq. is a member of the Borges & Associates, LLC law firm. Wanda ...
Schedule at a glance.(NACM's 110th Credit Congress Exposition)(National Association of Credit Management)(Calendar)
Mar 01, 2006 ... For a detailed description of the educational sessions and event information, please visit our website at www.nacm.org. <Pre> May 21-24, 2006 Nashville, Tennessee Gaylord Opryland Resort Saturday, May 20 8:00am-5:00pmRegistration/NACM Bookstore/Silent Auction ...
The right questions make workouts work.(SELECTED TOPIC)
Mar 01, 2006; ... Against a backdrop of uncertain economic conditions and excess financial leverage, the rise in underperforming companies comes as no surprise. For the credit manager, this forces decisions on complex and delicate issues. Deciding how to proceed with an underperforming customer ...
Getting the biggest bang for your new value preference defense buck.(CREDIT COLUMN)(Seneca Petroleum Co.)(Globe)(Column)
Mar 01, 2006; ... Recently, a bankruptcy court decision allowed a trade creditor to utilize the new value defense to escape most of its six-figure preference risk. The United States Bankruptcy Court for the Northern District of Indiana, in In re Globe Building Materials, Inc., reduced a trade creditor's ...
New Jersey Lien Law.(CONSTRUCTION CORNER)(Construction Lien Law )
Mar 01, 2006; ... New Jersey's Construction Lien Law ("CLL") offers statutory protection to contractors, subcontractors or suppliers who provide "work, services, material or equipment," pursuant to a written contract, (1) in connection with the "improvement" or repair of private realty. (2) The CLL allows ...
Illinois Supreme Court rejects corporate officer pay liability.(CONSTRUCTION CORNER)(Brief article)
Mar 01, 2006 ... The Illinois Supreme Court has ruled that a corporation's sole shareholder, officer and director, as well as a separate corporation he controlled that performed substantial administrative support for the first corporation, were not liable for unpaid employee vacation and severance pay. The ...
Credit at work.(CONSTRUCTION CORNER)
Mar 01, 2006 ... Dear Andy: It is becoming more difficult to find qualified employees today than it was a year ago. What are the most effective screening techniques today for identifying the best job candidates? Because of the current high demand for credit professionals, the hiring environment ...
Hot spots: Brazil.(INTERNATIONAL SECTION)
Mar 01, 2006; ... The country's money managers seem convinced that the recent pick-up in inflation is temporary and nothing to worry about. Since the economy is continuing to show soft spots, this means that interest rates will be cut quite a bit further. The Central Bank's assessment makes sense, but one ...
Economic status looking up, down under.(INTERNATIONAL SECTION)
Mar 01, 2006; ... When a U.S. company is looking for foreign trading partners, the glimmer of the superheated economies of countries like China and India should not discourage a look "down under" to Australia. The Commonwealth of Australia has an abundance of natural resources such as bauxite, coal, iron ...
Latin America's need for credit scores.(credit cards)
Mar 01, 2006; ... The Latin American credit card market has once again seen double-digit growth in 2005, proving that it is one of the most dynamic card markets in the world. Including both purchase and cash activity for all card products, transaction volume will rise to more than $50 billion in 2005, up by ...
Data privacy and protection legislation working its way through Congress.
Mar 01, 2006 ... In the wake of the millions of cases of consumer and business financial records--such as credit and banking account information--being stolen through the Internet, the 109th Congress is considering a number of Bills that would help safeguard this data. Most of these Bills place ...
The right credit report: using the best data sources for your company.(SELECTED TOPIC)
Mar 01, 2006; ... Over the last several years there has been a significant amount of industry buzz touting the benefits of automating various aspects of the credit decision process including scoring, automated decision logic, workflow and a variety of other technologies made possible by advancements and the ...
Secured creditors must be very careful in choosing their collateral.(SELECTED TOPIC)
Mar 01, 2006; ... Many creditors believe that the act of securing a loan or line of credit is much more important than choosing the actual collateral by which to secure the transaction. This is a huge mistake. It is absolutely essential to a creditor's claim that the collateral not only be properly ...
Dan Fulton, CCE received the distinct honor of being named the 2005 Credit Executive of the Year Award from NACM Southwest.(MEMBER NEWS)(Brief article)
Mar 01, 2006 ... [ILLUSTRATION OMITTED] Caption: Dan Fulton, CCE received the distinct honor of being named the 2005 Credit Executive of the Year Award from NACM Southwest. Dan is a long-time member of NACM Southwest and was one of the first NACM members nationwide to receive the ABCE (now CCE) ...
From left, Ron Moore, Flowerwood Nursery, Inc.; Don Jeffers, CBF, Michigan Peat Company; and Julie Teal, Commerce Corporation, participate in a discussion conducted during an industry trade group meeting.(MEMBER NEWS)
Mar 01, 2006 ... [ILLUSTRATION OMITTED] Caption: From left, Ron Moore, Flowerwood Nursery, Inc.; Don Jeffers, CBF, Michigan Peat Company; and Julie Teal, Commerce Corporation, participate in a discussion conducted during an industry trade group meeting. The National Wholesale Nursery Products & ...
Smart businesses should take careful steps to establish business credit.(SELECTED TOPIC)
Mar 01, 2006 ... Small business owners are often preoccupied with developing new products or services, sales activities, establishing a place of business and other endeavors but often they neglect something that may increase their odds of financial survival--establishing business credit. The National ...
Energy impact on global economy is understated.(SELECTED TOPIC)
Mar 01, 2006 ... The energy shock to economic growth will be felt worldwide through the increasing global imbalance between high investment and low consumer spending, according to an analysis by The Conference Board. The steady rise of global commodity prices since 2002 has been led by spiraling oil ...