Publisher's Synopsis
Probably the most comprehensive handbook on international trade credit and financial management in a single, substantial volume, this book will be of equal value to the large multinational and the small exporting firm. It 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 reflects the development 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 revised 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. - - 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 an excellent tool for both the seasoned multinational credit executive and the credit manager just entering the international arena.
