Handbook of International Credit Management

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This volume covers all aspects of export credit management as well as the management of overseas subsidiary companies' credit operations through a series of inter-linked chapters written by 25 experts in the international field. This third edition has been completely revised and, in substantial parts, re-written to reflect the development and availability of the modern tools now at the disposal of the international credit manager, especially in the area of information technology. New chapters have been added on bank risk and international bankruptcy law to respond to the growing interest in these areas. A completely re-written chapter on supporting systems reflects the transition from relatively small computer systems written in-house to the massive software-house systems specially designed to take advantage of today's vast computing power and speed of communication. Other factors determining the evolution of this edition have been the advent of the Euro, the direct and knock-on effects of the South-East Asian economic crisis and the continued march towards globalization. The objectives of the handbook are to provide a complete operating guide and training reference for the application of the financial and control techniques necessary for international credit management and to describe the tools available for all the processes from initial policy-making through to final collection of trade debts. It aims to help companies, wherever possible, to avoid international payment difficulties and where they do arise to overcome them. More than that, however, it also examines the broader areas of international trade finance, cash and currency management, recognizing the wide portfolio of responsibility shouldered by the present day international credit manager. It is aimed at both the seasoned multinational credit executive and the credit manager just entering the international arena.