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Introduction to Credit Risk

in Institute of Credit Management (England)

Classes Training

Place:

Manchester

Price:

£340 + VAT Special offers 

Duration:

1 Day

Start:

27/11/2008 calendar
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Course objectives:

Within trade credit, effective appraisal and management of credit risk are the keys to a more productive collection effort, fewer and smaller bad debts and improved company profitability. Covering the subject in depth enables delegates to make effective decisions on credit risk and influence the profitability of their organisations.

Institute of Credit Management

The Institute of Credit Management (ICM) is the largest professional credit management organisation in Europe. It represents the credit profession across trade, consumer and export credit, as well as ...

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Course details

Type Training Duration 1 Day
Method / place Contact course provider Classes in Manchester where
Suitability Credit staff who have recently taken on business to business risk assessment as part of their duties and those requiring an appreciation ofthe basic of credit risk.
Course objectives Within trade credit, effective appraisal and management of credit risk are the keys to a more productive collection effort, fewer and smaller bad debts and improved company profitability. Covering the subject in depth enables delegates to make effective decisions on credit risk and influence the profitability of their organisations.
Price £340 + VAT
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Course programme

Introduction to Credit Risk
The Need to Identify and Control Credit Risk
The consequences of neglect, erosion of profit through
overdue accounts and bad debts
Effect on cash flow
 
What Information is Needed and What is Available
Identifying the customer
Types of business organisation
Parent/subsidiary problems
Credit application forms
Using the sales team
References
Credit reports
On-line information
The credit grapevine
The press
Credit visits
Financial information
What is available?
 
Key Financial Data
Pointers to financial health
Ratios and trends.
 
Managing the Risk
Setting and using risk categories and credit limits
Importance of close liaison with Sales
Special payment terms
Guarantees
Retention of title
Credit insurance
Collection strategy and priorities
Payment behaviour
Bad debt provisions.
 
Danger Signals
What to watch for and how to react
 
Case Studies
 
 
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Venues and dates



Where Manchester, 3-5 Portland Street see map
When Start: 27/11/2008 Finish: 27/11/2008 See calendar
 
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On Institute of Credit Management

Provider description
The Institute of Credit Management (ICM) is the largest professional credit management organisation in Europe. It represents the credit profession across trade, consumer and export credit, as well as in related activities such as collections, credit reporting, credit insurance and insolvency. A centre of expertise for all matters relating to credit management for more than 50 years, the ICM is the only such organisation accredited by the Qualifications and Curriculum Authority (QCA) as an awarding body. The ICM offers a range of services, including a recruitment consultancy, training, conferences and seminars, the industry leading Credit Management magazine, bookshop, technical advisory service and 26 local branches.

The ICM's Mission: The Institute Credit Management (ICM) promotes excellence in credit management and raises awareness of its vital role in business and the community.

The ICM's Vision: To empower the credit profession by:

* being the centre of expertise for credit management.
* gaining universal recognition that sound credit management keeps business in business.
* maintaining relevant and up-to-date qualifications and occupational standards.
* being recognised and respected as its voice.
* supporting the career development of all people who work in credit management.
* improving skills and standards through a growing membership.
* continuously improving our products and services and being the first-choice provider.
* promoting credit management through local, national and international networks.

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