Home » Trade Credit (page 4)

Trade Credit

Unintended Consequences: New Proposed EU Data Protection Rules May Retard Access to Finance for Consumers

A major overhaul of current EU data protection rules was voted by the EU Civil Liberties Committee this week. The new rules are to replace the current “patchwork of national laws” and the EU Civil Liberties Committee is pushing for a fast track ratification by member states. The new rules are supposed to put people in control of their personal ... Read More »

Transparency at Risk: Commercial Credit Reporting under Attack by Small Business Commission

Virgina, USA:  DEBATE OVER HB 2198 CONTINUES AT RECENT VIRGINIA SMALL BUSINESS COMMISSION MEETING The Virginia Small Business Commission continued its study of House Bill 2198 early September with the meeting of an ad hoc committee specifically formed to study the legislation, which would affect commercial credit reporting in the Commonwealth. NACM was in attendance, providing the committee with a ... Read More »

Alibaba.com Launches Credit Service to E-Commerce Companies

Alibaba Group’s B2B e-commerce subsidiary, Alibaba.com launched a financing program “e-Credit Line” in January this year to provide Open Account-style financing to China-based suppliers and their international customers regardless of their size. The extended payment terms offered by Alibaba lasts 60, 90 or 120 days. Alibaba.com’s venture relies on its partnership with the Bank of China, OneTouch, an Alibaba-affiliated import/export ... Read More »

Trade Payment Data: Helping Businesses Avoid Risky Customers

Veda, one of Asia-Pacific’s leading provider of consumer and commercial data intelligence and insights, announces that the Trade payment data will be available in Commercial credit risk reports to provide customers with early indicators of potential financial difficulty. Veda’s analysis of trade payment behaviour shows this information to be a lead indicator of financial distress; specifically, that companies with invoices ... Read More »

Australian Risk Climate: New Legislation a Game-Changer for Commercial Risk Management

New Comprehensive Reporting legislation will add significant value to the assessment of the commercial risk of small businesses”, says Veda’s General Manager – Commercial Risk Products, Moses Samaha.  Speaking at a recent Veda road show to more than 150 Trade Credit businesses, Samaha urged creditors to also assess the credit profile of the directors and proprietors behind a company or business ... Read More »

Credit Insurance Rebounds as Companies Seek To Lay Off Risk in Uncertain Times

‘In times of increasing insolvencies, more companies value trade credit insurance as effective management and risk control tools’ ‘Pre-qualification vetting of contractors reduces project disruptions and saves costs for surety bond beneficiaries’ Trade credit insurance insured exposure increased by 4.4% to € 1.92 trillion (2011: € 1.84 trillion) Premium increased by 3% to € 6.14 billion (2011: € 5.96 billion) ... Read More »

D&B Australia Highlights Importance of Trade Credit

Dun & Bradstreet Australia (D&B) has sought to turn the economic debate away from straight bank credit and towards trade credit.  The traditional focus on bank credit has resulted in “a view that is skewed to the larger end of town as credit is much easier to access for this group of businesses”, D&B Australia and New Zealand CEO Gareth ... Read More »

Berne Union and IFC Agree to scale up collaboration to boost global trade and investment

Washington, D.C./London, May 22, 2013—At a recent meeting in Washington, D.C., the Berne Union and IFC, a member of the World Bank Group, agreed to scale up their collaboration to address the challenging environment for global trade and investment, in a coordinated effort to create new solutions and address shortfalls in financing faced by emerging market borrowers. Amid continued market ... Read More »

EU Study on Trade Secrets And Confidential Business Information in the Internal Market

The study on Trade Secrets and Confidential Business Information incorporates a survey covering 537 companies, including 323 small and medium size companies (less than 250 employees) undertaken at the end of 2012. It also provides a detailed review of the legal frameworks governing trade secrets in the then 27 Member States, the United States of America, Japan and Switzerland. This ... Read More »

Record Amount of Trade Credit Insured By Berne Union Members

LONDON, 30 April 2013.  Members of the Berne Union – International Union of Credit & Investment Insurers – saw the value of credit and investment insured in 2012 grow by 2.4 per cent, reaching in excess of US$ 1.8 trillion. This matches the 2.4 per cent growth in exports for 2012 according to the United Nations Statistics Division. Collectively, Berne ... Read More »

The Credit Conundrum: SME Financing Gap in Europe

Small- and medium-sized enterprises (SMEs) account for the majority of business activity in most countries and play a vital role in stimulating growth, innovation and competitiveness. It is therefore important to assess the degree to which SMEs are provided with adequate access to lines of credit and financing options to enable their growth and stability. According to the Bank of ... Read More »

Country Risk Climate: Coface Downgrades Corporates in Europe, Ivory Coast, Japan and South Africa

Coface, the credit insurer has warned that with the ongoing malaise in the European economy, companies heavily exposed to Europe continue to be a relatively risky investment.   To that end, Coface has downgraded its risk assessment of corporates in Italy, Spain, Czech Republic, Poland and Slovenia. Political tension has led to a downgrade of corporates in Ivory Coast, while ... Read More »

US Small Businesses Continue to be Stressed

“The world of the small business is getting tougher and tougher and the US has become a far less friendly place for the entrepreneur” The latest data from the National Federation of Small Business is not going to cheer those looking for some dramatic recovery in the economy in 2013.  It has long been an assumption that the small business ... Read More »

Japan: Payments by Bills and Checks

In Japan, paper bills and checks are mainly used for corporate payments. Although these are important payment means, the number of transactions has been declining (Figure 11 in the attached report). In addition to checks (documents in which the drawer instructs the drawer’s bank to pay the amount shown to the bearer of the check instantly), bills (promissory note – ... Read More »

Indian Credit Climate: CFO Optimism Level Improved Significantly According to D&B India CFO Survey

Dun & Bradstreet India conducted a pan India survey of Corporate CFOs in which they were asked about their confidence in the overall financial and macro-economic conditions for Q4 2012 (Oct-Dec of the calendar year 2012), as compared to the same quarter of the previous year.  The survey revealed interesting facts about the CFOs’ perspective on the overall Business Climate: The ... Read More »

European Debt Crisis Likely to Push Bankruptcies to Higher Levels

The ongoing debt crisis in Europe continues to spread to the point where even the powerful German manufacturing sector is starting to take a hit. FCIB Global Conference Speaker Ludovic Subran, of Euler Hermes, noted this is likely to push bankruptcies much higher in a number of economies there. Subran noted that projections show low growth, if any, in most ... Read More »