Archive:Methods of Payment/Open Account - Revision history

wikademia>Wikademia: moved Methods of Payment/Open Account to Archive:Methods of Payment/Open Account

2009-05-27T05:39:10Z

moved Methods of Payment/Open Account to Archive:Methods of Payment/Open Account

← Older revision	Revision as of 05:39, 27 May 2009
(No difference)

wikademia>Wikademia: Text replace - 'TF4.1' to 'ntnes'

2009-04-09T08:04:33Z

Text replace - 'TF4.1' to 'ntnes'

← Older revision		Revision as of 08:04, 9 April 2009
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	{{~~TF4.1~~}}		{{ntnes}}

	==Open Account==		==Open Account==

wikademia>Wikademia: Text replace - 'Category:International Business' to 'Category:International business'

2009-04-09T05:16:25Z

Text replace - 'Category:International Business' to 'Category:International business'

← Older revision		Revision as of 05:16, 9 April 2009
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	<div style="float:right;">[[Methods of Payment/Letters of Credit\|Prev]] \| [[Methods of Payment/Combining Methods of Payment\|Next]]		<div style="float:right;">[[Methods of Payment/Letters of Credit\|Prev]] \| [[Methods of Payment/Combining Methods of Payment\|Next]]
	[[Category:International ~~Business~~]]		[[Category:International business]]

wikademia>Wikademia: 2 revisions

2009-04-08T04:18:22Z

2 revisions

← Older revision	Revision as of 04:18, 8 April 2009
(No difference)

24.11.195.94 at 13:39, 28 September 2007

2007-09-28T13:39:59Z

← Older revision		Revision as of 13:39, 28 September 2007
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	\|}		\|}

			<div style="float:right;">[[Methods of Payment/Letters of Credit\|Prev]] \| [[Methods of Payment/Combining Methods of Payment\|Next]]
	[[Category:International Business]]		[[Category:International Business]]

wikademia>MSUglobal: New page: {{TF4.1}} ==Open Account== Open account occurs when a seller ships the goods and all the necessary shipping and commercial documents directly to a buyer who agrees to pay a seller’s inv...

2007-09-25T19:29:36Z

New page: {{TF4.1}} ==Open Account== Open account occurs when a seller ships the goods and all the necessary shipping and commercial documents directly to a buyer who agrees to pay a seller’s inv...

New page

{{TF4.1}}

==Open Account==
Open account occurs when a seller ships the goods and all the necessary shipping and commercial documents directly to a buyer who agrees to pay a seller’s invoice at a future date.

{| class="wikitable"
|-
! Time of Payment
| •As agreed between a buyer and seller, net 15, 30, 60 day terms, etc., from date of invoice or bill of lading date.
|-
! Goods Available to Buyer
| •Before payment (depending on how the products are shipped and the length of payment option).
|-
! Risks to Seller
| •Buyer defaults on payment obligation. •Delays in availability of foreign exchange and transferring of funds from buyer’s country occur. •Payment is blocked due to political events in buyer’s country.
|-
! Risks to Buyer
| •Seller does not ship per the order (product, quantity, quality, and/or shipping method). •Seller does not ship when requested, either early or late.
|-
! When Appropriate to Quote or Use
| •Seller has absolute trust that buyer will accept shipment and pay at agreed time. •Seller is confident that importing country will not impose regulations deferring or blocking transfer of payment. •Seller has sufficient liquidity or access to outside financing to extend deferred payment terms. •Used more regularly in international transactions to avoid high banking fees.
|-
! Financing
| •Seller finances buyer through deferred payment terms. •Seller may be able to obtain bank financing through pledge of receivables. •Selling receivables on a non-recourse basis to a bank. •Leverage and/or financing from domestic/global business.
|}

[[Category:International Business]]