Free Online Course in International Business
SJ Rundt & Associates
As a reporting agency, this firm provides two reports: first, the
World Business Intelligence, a weekly briefing dealing with 14 to 16
countries each, assessing the latest economic and political
developments, focusing on those that are important, explaining what
they portend for the future in international trade, investment and
finance, interest rate and exchange rate tables and forecasts. The
second report is the Financial Executive Country Risk Alert, issued
three times per year, which is a combination of forecasts and survey
results assessing export credit and shortterm financial risk for
over 100 countries. Risk ratings on a scale from 1 (best) to 10
(worst). Between full updates, countries are subject to weekly
reviews and are updated individually (and rerated, if necessary).
Organization for Economic Cooperation and Development (OECD)
The OECD is a Parisbased intergovernmental organization, established
under a 1960 convention, whose purpose is to provide its 29 member
countries with a forum in which governments can compare their
experiences, discuss problems they share and seek solutions which
can be applied within their own national contexts. The fundamental
task of the OECD is to enable its members to consult and cooperate
with each other in order to achieve the highest sustainable economic
growth in their countries and to improve the economic and social
wellbeing of their populations. The original members of the OECD
were Europe and North America, followed by Japan, Australia, New
Zealand and Finland. Just recently, Mexico, the Czech Republic,
Hungary, Poland and Korea have joined. The OECD publishes various
booklets which assess economic trends and prospects. Many statistics
are available through its online bookstore.
Other Private Credit Companies
Graydon America, Hoovers and Coface North America are providers of
online and offline business credit reports from around the world via
the Internet. They have nearly 100 countries online, including
Europe and the US. With more than 200 countries offline, sample
reports can be accessed through the website.
Summary
Credit allows a buyer to take possession of something now and pay
for it later or over time. An integral part of granting credit
information is requesting and analyzing a credit report. This report
provides information in order to make a specific decision about
granting credit to a company. An investigation, done correctly, has
the goal of a seller obtaining accurate and timely information about
a buyer, information that will lead to an appropriate decision for a
seller in determining whether credit will or will not be approved,
and if so, on what terms.
Resources
Coface North America www.cofaceusa.com Credit Management
Information & Support www.creditworthy.com Web Resources Credit
Reports Worldwide www.creditreportsworld.com Dun & Bradstreet -
www.dnb.com Experian - www.experian.com FCIB www.fcibglobal.com
Graydon America www.graydonamerica.com Hoovers - www.hoovers.com SJ
Rundt & Associates www.rundtsintelligence.com OECD - www.oecd.org US
Dept of Commerce - International Company Profile - www.export.gov
Attachments These attachments illustrate the type of information
that needs to be gathered from new customers. In addition scenarios
can be created by completing the forms for a customer and asking the
students to approve payment terms based on the information provided.
• Credit Application - used to request information from new
customers • Vendor Ref Form - used to request information from
vendor references provided by customers • Bank Ref Form - used to
request information from bank reference provided by customers
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