Effects of Late or Non-payments/Assessment

Assessment
{The tenets (principles) of risk assessment rely on -the customer for the most information. +gathering as many facts on the customer as possible. -your sales department for key data. -having financial statements for all customers.
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{Recognizing the “risk/reward” of international credit means -reducing outstanding receivables as much as possible. -having flexible credit policies for international customers. +knowing and apply the components of the “costs” of credit. -getting the customer to agree on the “shortest” terms possible.
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{The “Eight C's" of credit risk evaluation for the global seller provide -the sales department with necessary information. -assistance to a buyer in improving the relationship with a seller. -a simple checklist for the customers to complete. +research on the customer and the international environment.
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{The “risks and rewards” element of international credit differs from domestic or “in-country” credit decisions because -there is normally more profit available in international sales transactions. +more factors impact both risk and reward in the international scene. -there is normally more pressure from sales to sell internationally. -financial statements on international customers are, by nature, more comprehensive than those of domestic customers.
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