Effects of Late or Non-payments - Revision history

wikademia>Eme at 19:17, 10 December 2009

2009-12-10T19:17:20Z

wikademia>Eme at 19:16, 10 December 2009

2009-12-10T19:16:55Z

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	~~{{ntnes}}~~

	Now that you know what a credit report is and what kind of information might be included in a credit report, the next step is to perform a credit risk assessment.		Now that you know what a credit report is and what kind of information might be included in a credit report, the next step is to perform a credit risk assessment.

wikademia>Wikademia: moved Archive:Effects of Late or Non-payments to Effects of Late or Non-payments over redirect

2009-08-19T04:36:01Z

moved Archive:Effects of Late or Non-payments to Effects of Late or Non-payments over redirect

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wikademia>Wikademia: moved Effects of Late or Non-payments to Archive:Effects of Late or Non-payments

2009-05-25T23:19:51Z

moved Effects of Late or Non-payments to Archive:Effects of Late or Non-payments

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wikademia>Wikademia at 20:21, 16 May 2009

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	~~==Unit 3.3- Effects of Late or Non-payments==~~

	Now that you know what a credit report is and what kind of information might be included in a credit report, the next step is to perform a credit risk assessment.		Now that you know what a credit report is and what kind of information might be included in a credit report, the next step is to perform a credit risk assessment.

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2009-04-10T17:23:21Z

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

2009-04-09T05:08:16Z

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	<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]		<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]

	[[Category:International ~~Business~~]]		[[Category:International business]]

wikademia>Wikademia: 5 revisions

2009-04-08T04:17:52Z

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24.11.195.94 at 12:37, 28 September 2007

2007-09-28T12:37:13Z

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	*[[Effects of Late or Non-payments/Assessment\|Assessment]]		*[[Effects of Late or Non-payments/Assessment\|Assessment]]


			'''Correlation''': Materials from this unit correlate with [http://www.nasbitecgbp.org NASBITE CGCP]'s Knowledge Statement 04/03/03: Knowldege of commercial risks of late and/or non-payment from overseas buyer)


	<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]		<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]


	'''Correlation''': Materials from this unit correlate with [http://www.nasbitecgbp.org NASBITE CGCP]'s Knowledge Statement 04/03/03: Knowldege of commercial risks of late and/or non-payment from overseas buyer)


	[[Category:International Business]]		[[Category:International Business]]

24.11.195.94 at 12:35, 28 September 2007

2007-09-28T12:35:47Z

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	*[[Effects of Late or Non-payments/Activities\|Activities]]		*[[Effects of Late or Non-payments/Activities\|Activities]]
	*[[Effects of Late or Non-payments/Assessment\|Assessment]]		*[[Effects of Late or Non-payments/Assessment\|Assessment]]



	<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]		<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]

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	*[[Effects of Late or Non-payments/Activities\|Activities]]		*[[Effects of Late or Non-payments/Activities\|Activities]]
	*[[Effects of Late or Non-payments/Assessment\|Assessment]]		*[[Effects of Late or Non-payments/Assessment\|Assessment]]



	<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]		<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]

← Older revision		Revision as of 19:17, 10 December 2009
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	Now that you know what a credit report is and what kind of information might be included in a credit report, the next step is to perform a credit risk assessment.		Now that you know what a credit report is and what kind of information might be included in a credit report, the next step is to perform a credit risk assessment.


	The principles of risk assessment are particularly critical for several reasons; but, most importantly, any extension of credit requires an analysis of a buyer requesting credit and a determination as to the level of risk associated with a buyer’s financial ability to pay a seller according to terms.		The principles of risk assessment are particularly critical for several reasons; but, most importantly, any extension of credit requires an analysis of a buyer requesting credit and a determination as to the level of risk associated with a buyer’s financial ability to pay a seller according to terms.


	The risk, specifically commercial risk, associated with an international market is very important. In dealing with global or international markets, the assessment of a buyer takes on another dimension, the dimension of being international, namely, the risk of selling and getting paid in a timely manner when a buyer is in a country different from a seller.		The risk, specifically commercial risk, associated with an international market is very important. In dealing with global or international markets, the assessment of a buyer takes on another dimension, the dimension of being international, namely, the risk of selling and getting paid in a timely manner when a buyer is in a country different from a seller.


	Commercial risk in international markets refers to the same situation encountered in the domestic market, which is the risk of late/non-payment by a (foreign) buyer or intermediary for goods shipped/services completed, resulting from		Commercial risk in international markets refers to the same situation encountered in the domestic market, which is the risk of late/non-payment by a (foreign) buyer or intermediary for goods shipped/services completed, resulting from
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	*a buyer’s failure to pay for goods/services per the due date of the agreed upon payment terms		*a buyer’s failure to pay for goods/services per the due date of the agreed upon payment terms
	*a buyer’s failure or refusal to accept the goods that were shipped or the services provided as agreed in the contract.		*a buyer’s failure or refusal to accept the goods that were shipped or the services provided as agreed in the contract.


	When performing a risk assessment, sellers must consider the implication of selling into the international market. A seller must take into account factors that exist in global transactions, but not in domestic sales. Such factors include changes in country governments, currency values, economic and cultural issues. Assessing political and economic risks and cultural issues of other countries is discussed in detail in Module 1, so here you will find highlighted only a few points in context with granting credit.		When performing a risk assessment, sellers must consider the implication of selling into the international market. A seller must take into account factors that exist in global transactions, but not in domestic sales. Such factors include changes in country governments, currency values, economic and cultural issues. Assessing political and economic risks and cultural issues of other countries is discussed in detail in Module 1, so here you will find highlighted only a few points in context with granting credit.


	The bottom line point is that risk assessment is important because the impact of non-payment to a seller may result in cost of money and bad debt events.		The bottom line point is that risk assessment is important because the impact of non-payment to a seller may result in cost of money and bad debt events.
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	*identify the “Eight C's" of credit risk assessment for the global seller.		*identify the “Eight C's" of credit risk assessment for the global seller.
	*identify the impact of nonpayment.		*identify the impact of nonpayment.


	===Unit Outline===		===Unit Outline===
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	*[[Effects of Late or Non-payments/Activities\|Activities]]		*[[Effects of Late or Non-payments/Activities\|Activities]]
	*[[Effects of Late or Non-payments/Assessment\|Assessment]]		*[[Effects of Late or Non-payments/Assessment\|Assessment]]


	'''Correlation''': Materials from this unit correlate with [http://www.nasbitecgbp.org NASBITE CGCP]'s Knowledge Statement 04/03/03: Knowldege of commercial risks of late and/or non-payment from overseas buyer)		'''Correlation''': Materials from this unit correlate with [http://www.nasbitecgbp.org NASBITE CGCP]'s Knowledge Statement 04/03/03: Knowldege of commercial risks of late and/or non-payment from overseas buyer)


	<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]		<div style="float:right;">[[Effects of Late or Non-payments/Tenets of Risk Assessment\|Next]]

	[[Category:International business]]		[[Category:International business]]