Credit Today is the fastest growing publication in the credit field, favored by more and more top credit executives. We cover the world of business, or trade credit, with concise, yet in-depth, reporting. We also publish the most in-depth salary survey in the industry, covering all major credit positions.Credit Today is the fastest growing publication in the credit field, favored by more and more top credit executives. We cover the world of business, or trade credit, with concise, yet in-depth, reporting. We also publish the most in-depth salary survey in the industry, covering all major credit positions.   
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Home | International Search 
CreditPoint Software

International Credit Today

If you are not extending international credit today, you may be doing it in the next year or two. Learn the ins and outs of doing business in Mexico and South America and the future of business in Asia. We tell you how to collect foreign debts, how to use international credit reports, how to do international collections by telephone, the meaning of the key Incoterms, and the uses of forfaiting and letters of credit.

Does anyone have any experience selling into Uganda?
April 9, 2013
Does anyone have any experience selling into Uganda? We presently are wire in advance. . . . keep reading
I am working on an International Credit Policy and looking for useful thoughts or maybe sharing an example.
March 20, 2013
I am working on an International Credit Policy and looking for useful thoughts or maybe sharing an example. . . . keep reading
FLSmidth Selects GTC's @GlobalTrade Multi-bank Trade Finance Platform
March 18, 2013
FLSmidth Selects GTC's @GlobalTrade Multi-bank Trade Finance Platform GlobalTrade Corporation (GTC) has announced today that FLSmidth, leading supplier of equipment and services to the global cement and minerals industries has selected GTC's @GlobalTrade Multi-bank Trade Finance Platform for managing issued and received bank guarantees and export documentary credits. 'After careful evaluation of solutions available on the market my team has selected GTC based on their robust technology and clear understanding of our needs,' said Bo Jørgensen, Head of Group Treasury, FLSmidth.' . . . keep reading
I am looking for any experience, good or bad with using D/P in India.
March 6, 2013
A customer in India approached our company with a request for D/P terms (aka sight draft/cash against documents). They do not wish to use an L/C due to the cost. Risk is higher to the seller for D/P vs L/C for various reasons. I am looking for any experience, good or bad with using D/P in India . . . keep reading
If a company owns businesses in multiple countries, can they go bankrupt in one country and not the other?
March 6, 2013
If a company owns businesses in multiple countries, can they go bankrupt in one country and not the other? I have a US based company that is shaky here but more shaky in Canada. Can they declare bankruptcy on the Canada portion of the business and not the US? . . . keep reading
Has anyone been experiencing customers having issues in sending wires to you for payment internationally? Specifically the Caribbean?
February 28, 2013
Has anyone been experiencing customers having issues in sending wires to you for payment internationally? Specifically the Caribbean? A customer in Bermuda has claimed on several occasions that they have sent payment and then notified us that the bank was holding the payments for verification. He mentioned that they are doing this to limit any sort of money laundering. We have given the benefit of doubt a few times but now feel like he's playing us for fools. . . . keep reading
Do you grant extended terms for the Latin America region?
February 20, 2013
I'd like to get some feedback from you regarding the commercial terms that you are granting across the Latin America region. (I don't need specific terms -- but, in general, do you find it's necessary to extend past Net 30 to do business in the region?) We have several businesses across the region and continue to get requests from the local business for the need for extended terms (potentially out to 3 years) -- and I am trying to validate if these are required terms to do business in the region. . . . keep reading
How do your customers in Brazil pay you?
February 5, 2013
We have a number of customers in Brazil that have requested to pay in cash (green) by either bringing the cash to the US, or having our rep fly in to pick up the cash. If anyone is currently doing business in Brazil and is being paid in the normal course of business, please let me know your billing process and if the checks that you receive in payment are drawn on a Brazilian bank in US Dollars. . . . keep reading
All Import and Export Transactions Must Be OFAC Compliant
By Loral Narayanan
All U.S. entities involved in international trade or financial transactions are required to comply with the Office of Foreign Assets Control (OFAC) regulations. No exceptions. Exporters and importers must comply. Small, medium and large companies must comply. Even individuals must comply. Failure to comply could result in penalties equal to twice the amount of each non-complying transaction. To avoid the substantial penalties associated with violation of OFAC regulations, any organization doing business or making payments to any entity outside the U.S. should develop and follow an OFAC Compliance Plan. . . . keep reading
Would you recommend a collection's attorney in England?
January 28, 2013
I have a few accounts in UK for which I need an attorney to collect small balances. Would you recommend an attorney in England, specifically? . . . keep reading
Coface Country Risk Outlook for 2013: The crisis in Europe is far from over for corporates
January 22, 2013
Coface Country Risk Outlook for 2013: The crisis in Europe is far from over for corporates Paris -- Based on its day-to-day contact with companies worldwide, Coface has issued a cautious scenario for the global economy in 2013. The recovery of advanced countries is still in hostage to public and private debt. Household and corporate confidence has not been restored given the worsening situation of labor markets and the incomplete institutional reforms in Europe. The lack of visibility in U.S. budget policy may also impact American growth. Coface predicts a continued recession at -0.1% in the Eurozone with a persistent contraction in activity in Southern Europe. Growth in the USA will slow down to +1.5%, while emerging countries will post growth that is both healthy and sustainable at +5.2%. . . . keep reading
I'm looking for alternatives or solutions for mailing invoices generated in the U.S. to Canadian customers
January 15, 2013
I'm looking for alternatives or solutions for mailing invoices generated in the U.S. to Canadian customers in the cost and time effective methods. My thoughts include: • 3rd party solutions • Electronic delivery • Customs brokers What method do you use to deliver Canadian invoices? Looking for the best option. . . . keep reading
Has there been a change in the timing of CADIVI approvals in Venezuela?
December 17, 2012
With respect to CADIVI's approval of releasing funds and to those who have direct exposure into Venezuela (we do not have direct exposure), has there been a change in trend on the timing of these approvals within the past three to six months? . . . keep reading
Coface Adjusts its Country Risk Ratings
November 26, 2012
Coface Adjusts its Country Risk Ratings Coface, the global credit insurer, has revised its Country Risk Ratings for 31 countries.
  • Belgium, France and the Netherlands, have been put on negative watch
  • Australia and New Zealand have been downgraded from A1 to A2
  • The US remains steady with a growth rate of 2.0% forecast for 2012. However it has been downgraded from positive watch to flat.
. . .
keep reading
If available, please provide the service providers you have used for Europe plus a description of your experience.
October 30, 2012
We are seeking or reviewing credit report providers in Europe, specifically for Spain. I would be interested in the service providers and credit reports used in Europe. Our goal is to secure reports providing the most value at an affordable price. Our experience has been that large service providers such as D & B are not necessarily the best options in a particular country. Contracts often are specific to the local country versus a global reaching contract. If available, please provide the service providers you have used for Europe plus a description of your experience. . . . keep reading
Coface North America Announces Deal with Ex-Im Bank to Provide Reinsurance on Trade Credit Insurance
October 22, 2012
Coface North America Announces Deal with Ex-Im Bank to Provide Reinsurance on Trade Credit Insurance Coface North America today announced an alliance with the Export-Import Bank of the United States (Ex-Im Bank) to increase overseas sales by American small- and mid-sized businesses. Under the terms of the agreement, Ex-Im Bank will provide reinsurance for credit insurance policies written by Coface North America Insurance Company to protect the accounts receivables and cash flow of American companies exporting goods and services overseas. . . . keep reading
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CreditPoint Software
 This Month's Survey

Cash Application Processing

This month we dig in on...
  • How are payments are being received today? - What percentages are being accepted at lock boxes, payment portals, remote data capture (RDC), vs. electronic data interchange (EDI)
  • In what form are payments being received? - What percentage from checks, ACH, wire, credit card, etc.
  • What percent of credit departments are using auto-cash software
  • What automatic "hit rates" are for applying checks
  • How long it takes to apply payments
Plus much more... If you're as interested in these results as we are, then please click here to participate!

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