Research and analyze credit history and payment capacity of potential buyers/partners to assess the commercial risk of a buyer and maintain credit management and control procedures and documentation.
Task 3 Introduction [PDF] 06.12.07
Knowledge Statement 1:
Knowledge of Sources of Credit Report: Credit Bureaus, D&B, Hoovers
Knowledge Statement 2:
Knowledge of Costs and Value of Credit Reports
Knowledge Statement 3:
Knowledge of Commercial Risks of Late and/or Nonpayment from Overseas Buyers
Knowledge Statement 4:
Knowledge of Methods of Payment: Letters of Credit, Documentary Collections, Cash in Advance
Knowledge Statement 5:
Knowledge of Mitigating Techniques: Credit Risk Insurance
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