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Managing Trade Credit Risk in the Coming Economy Recovery

  • Accountant
  • CPA/ABV
  • CGFM
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • ChFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CBA/MCBA
  • FPAC
  • CFIRS
  • CWS

Published: March, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Why customers need more credit now
    3 mins
  • But what happens if you don't get paid?
    12 mins
  • Credit risks amid economic recovery
    17 mins
  • Plus: How long can you wait to get paid?
    22 mins
  • Credit insurance policies
    36 mins

Course Description

The coronavirus pandemic is a humanitarian crisis that continues to affect lives and livelihoods around the world. It has forced regional and national economies to close for weeks and months at a time, causing hardship—sometimes of existential gravity—for many populations. 

Countermeasures taken to contain the virus and save lives stopped the economy from functioning. With lockdowns now being lifted and businesses restarting, lending institutions are faced with a new and unfamiliar environment, in which they must evaluate and monitor credit risk with limited visibility and access to reliable data.

Trade payment terms and credit risks are evolving amid today’s economic recovery and supply chain challenges Customers’ demand for credit will not return to pre-2020 norms.

Demand for trade credit was increasing even before the outbreak of COVID-19 pandemic but, in the new normal, customers still face limited access to working capital, Struggle with diminished financial flexibility, Are getting paid slower by their customers, Source goods through broken supply chains, Operate with remote/distanced employees, Encounter ongoing change and uncertainty, Try to capitalize on economic recovery.

This CPE webinar on Finance will provide attendees with an understanding of the following major topics:

  • Demand for trade credit in the new normal
  • Why do customers and suppliers need more credit
  • Credit risk amid economic recovery
  • How to manage evolving demand for trade credit
  • Credit insurance- risk, sales, and financing tools

Learning Objectives

  • To describe today's longer terms, slower payments, concentrations, etc.
  • To analyze why customers need more credit now.
  • To determine why and how to re-evaluate customers’ creditworthiness now.
  • To recognize new credit risks arising from economic recovery.
  • To discuss tools and techniques for managing credit and collections.
  • To discuss how trade credit insurance performed during the pandemic.
  • To discuss best practices for obtaining and using credit insurance now.

Recommended For

  • This Online CPE webinar is recommended for CPA(US), CVA, CBA/MCBA, ABV, CMA, CFA, CIPM, FPAC, ChFCA, CASL, ChSNC, RICP, WMCP, FSCP, CGFM, and other finance professionals who want to understand how to manage trade credit risk in the coming economic recovery.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Finance Director
  • Finance Pros
  • Wealth Management Advisor
  • Wealth Planner

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPD Credit of Finance for Accredited in Business Valuation (ABV)
  • 1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Finance for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 PL Credit of Finance for Chartered Financial Analyst (CFA)
  • 1 PL Credit of Finance for Certificate In Investment Performance Measurement (CIPM)
  • 1 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
  • 1 CRE Credit of Common financial investments/ decision types for Certified Corporate FP&A Professional (FPAC)
  • 1 CPE Credit of Finance for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
  • 1 CPE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)
  • 1 CPE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
  • 1 CPE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
  • 1 CPE Credit of Financial Planning for Financial Services Certified Professional (FSCP)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Gary Mendell

President, Meridian Finance Group

Gary Mendell is President of Meridian Finance Group, a company providing credit, insurance, and trade finance tools that companies use to expand their U.S. and international sales. A graduate of the University of Pennsylvania in 1976, Gary has over 40 years of experience in domestic and international sales, distribution, credit, and finance. Prior to Meridian Finance Group, he held positions managing U.S. and export business development for companies in the pharmaceutical, aerospace, and plastics industries. 

Gary has received the President’s “E” Award and currently serves on the federal government’s Trade Finance Advisory Council.

About Company

Meridian Finance Group

www.meridianfinance.com/

Meridian Finance Group was organized in 1993 to help equipment manufacturers increase their export sales, primarily by arranging cross-border financing for their customers in emerging foreign markets.

Our business soon expanded to include short-term trade credit, providing foreign companies with payment terms for purchasing all kinds of products and services from suppliers in the USA and other countries.

In order to use export credit insurance and political risk insurance more effectively for our trade finance transactions, we obtained our insurance license . . . and shortly thereafter began brokering insurance for other companies as well.

Over the past 20 years Meridian has helped hundreds of companies protect their receivables against non-payment risks, expand their US and international sales, and arrange A/R financing using trade credit insurance.

Meridian has also become a leading broker of political risk insurance… for foreign government contracts and for protecting US investors’ assets located overseas.

Our export finance business has continued to evolve as well, with an emphasis on Latin America but also with transactions completed in the Pacific Rim, Europe, South Asia, the Middle East, Africa, and other emerging markets.

In 2017 Meridian joined forces with Texel Finance Limited to form a global trade credit and political risk insurance brokerage, adding offices in London and Singapore along with direct access to Lloyd’s of London and other new underwriting markets.

Meridian’s clients include large corporations, middle-market companies, and—with no minimum size requirements—small businesses nationwide, as well as banks, non-bank lenders, investors, and other financial institutions.

Our diverse staff is multicultural and multilingual, with experience not only in trade finance and insurance, but also exporting, importing, credit, manufacturing, operations, logistics, and international distribution.

We pride ourselves on the service we provide to our customers. Our contributions to international trade have earned Meridian the President’s “E” Award, three “Broker of the Year” awards from Ex-Im Bank, Strategic Partner status with the US Department of Commerce, and accolades from federal/state export assistance agencies.

Faq

FAQs content

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