AnetaCC Dear ICTF Members and Colleagues:

 

Welcome to the April/May edition of the ICTF Newsletter!

 

I am excited to share with you how outstanding  and rich the most recent ICTF Global Credit Professionals Symposium in Chicago was, both from an  educational and networking standpoint. 130 delegates from five countries and 24 states gathered at the Ritz-Carlton in Chicago  for two days, filled with exceptional best practice exchange and camaraderie. Attendees raved about the superb line of speakers, the venue, the depth and breadth of knowledge possessed by ICTF members, and the unsurpassed quality of ICTF's international conferences - something you can't find anywhere else! If you weren't there, here is what you missed >>.

 

ICTF's European Symposium, known as "the best international credit management event in Europe" is only a few days away. We look forward to welcoming everyone in Lisbon and having a great time!

 

It is not too early to save the dates and register for the ICTF Fall Symposiums in Berlin, Germany (October 18-20) and Ft. Lauderdale, FL (November 15-17, 2015). These "can't-miss events" will be here before we know it. Register today!

 

Not to be missed in this newsletter - the ICTF On-Demand Survey (Brazil - Export and In-Country Credit Sales) Results, information about the upcoming ICTF webinars on China and Money Laundering, Dr. Belcsak's "Trans-Pacific Partnership" commentary, Global Economic highlights, and more...! For those of you who might have missed the 1st 2015 Quarterly issue of the ICTF Magazine, you can access it on our website: www.ictfworld.org  

 

Best Regards,

  
Signature
Aneta Spilman, CAE

ICTF President

[email protected]

+1-410-522-5013 

In This Issue

ICTF's On-Demand Survey Results:

Brazil - Export and In-Country Credit Sales 

ICTF Members have the opportunity to request "on-demand" Credit and Collections Surveys whenever they need to obtain more in-depth information and benchmark themselves. The most recent survey on Brazil reveals:
 
- Average Days Delinquent (ADD)
- Country DSO
- Amount of Bad Debt write-offs
- Write-off rules... and more!
 
ICTF Members who participated in the survey: click here to access the Survey Results!
Don't Miss the ICTF Symposiums in the Fall!
~ Read about the most recent ICTF Symposium in Chicago ~

The Best Credit Events of the Year - Save the Dates! 

 

ICTF's Annual Global Trade Symposium

November 15-17, 2015
The Ritz-Carlton, Ft. Lauderdale - FL
 

 

ICTF's International Credit Professionals Symposium in Europe

October 18-20, 2015 
Waldorf Astoria Hotel - Berlin, Germany

 

Find Out Why Everyone is Choosing ICTF! 

 

"I found this conference to be very beneficial. It was full of helpful information for me to bring back to my company, from experienced people. It was the most beneficial conference I have been to in my career."

 

"The members of ICTF are friends, who soon become family - as we share professional experiences as well as personal ones." 
 

"ICTF is a tremendous organization comprised of credit professionals from around the globe and from various industries. Invaluable knowledge sharing and networking opportunities at the conferences."
 

"This was my first ICTF conference. I was extremely impressed with not only the content of the conference, but the friendliness of the participants. My company attended with the hope that we would build contacts that would help us navigate international credit issues and concerns, and I felt like that was definitely accomplished. Thank you!"

 

 

ICTF's Global Intelligence Column by Dr. Hans Belcsak:
The Meaning of the Trans-Pacific Partnership (TPP)
President Obama is struggling to gain from Congress the so-called Trade Promotion Authority, also known as "fast track" negotiating authority, without which concluding his vaunted Trans-Pacific Partnership agreement would not be possible. And he wants to sign the 12-nation TPP as part of his legacy as the first such deal in quite a while - the US inked its last big global free trade arrangement (the Uruguay round) more than 20 years ago and its last bilateral pact in 2007.

If successfully concluded, the TPP, covering 40% of the global economy, would be the biggest trade deal signed in the world in two decades. Mr. Obama has used a variety of approaches to try and sell the idea to recalcitrant Republicans and Democrats in the legislature, at times referring to it as a way to cure the ills inflicted on American workers by trade pacts of the past, particularly the North American Free Trade Agreement.
  READ MORE>> 

 ICTF/Thunderbird Online Courses and Designations - RGCP and CGCE:

Set Yourself apart with a Certification from ICTF & Thunderbird School of Global Management!

  more info and register button

The next session of the ICTF/Thunderbird Essentials and Advanced International Credit and Trade Finance 8-week online courses start on September 7, 2015

   

TBirdCertificateArtwork"It is gratifying to hear from you that I have completed requirements for this course and earned my designation as CGCE. I have really learned quite a lot from this advanced class and looking forward to applying some of the concepts. I'd also like to express my sincere appreciation to you for moderating and sharing real life experiences with the class."

 

 

"Excellent curriculum tied very closely to what I actually needed in my current role. Very organized and effective delivery of the material - great system, good presenters, great resources. And finally, the interaction with fellow classmates in this class was very good."

ICTF Webinars - Convenient Education for You and Your Staff!
china ICTF Complimentary Webcast:
2015 Outlook for China - a credit management perspective 

Wednesday, May 13th @ 11:00 AM EST - duration 60 minutes

The new Coface Survey on corporate credit risk management in China reveals that eight out of 10 corporates experienced overdue payments in 2014. Find out how the Chinese economy will perform in 2015? How stable is the Chinese economy from a trade creditor's perspective? This and much more, as the speaker shares his insight and the recently released Coface China Payment Survey and Panorama report.

 Speaker:
Rocky Tung, Economist - Coface Asia-Pacific Region 

ICTF Members: FREE    Non-Members: $95


ICTF Complimentary Webcast:

Money Laundering - What You Need to Know from a European Perspective

Wednesday, May 27th @ 11:00 AM EST - duration 75 minutes


Presenters:
Joanna Morris, Risk and Regulatory Compliance Training Manager - Hill Dickinson LLP, UK
Tony Wilson, Senior Partner - Hill Dickinson LLP, UK

 

It is estimated that up to �57 billion a year is laundered through the UK alone.  What would that figure be world-wide?  Money laundering and counter terrorist financing has been a growing problem for many years and the governments and regulatory authorities around the world have been stepping up their efforts to stop this growth.
 

We all have a part to play in the global fight against money laundering and counter terrorist financing and in this Webinar we will take a look at some key areas including: Register
 

�    Key legislation

�    The stages of money laundering

�    Client/customer due diligence (CDD)

�    Politically exposed persons (PEP)

�    Sanctions and country risk issues

�    Red flag indicators and warning signs

�    Policies and procedures required.


ICTF Members: FREE    Non-Members: $100

~ From the ICTF Online Resource Center ~ global intelligence banner

Global Economic Highlights: USA
PNC - April 29, 2015 
Real GDP grew just 0.2 percent in quarter over quarter annualized terms in the advance estimate for the first quarter of 2015, worse than expected. Details were weak: Real final sales fell at a 0.5 percent annual rate; offset by a 0.7 percent contribution to GDP growth from inventory accumulation. Falling exports subtracted 1.0 percentage point from real GDP growth, and weaker business investment in structures subtracted 0.8 percentage points.. READ MORE >>

Will China Soon Have an International Currency?  
Wells Fargo - April 24, 2015 

In the second of two reports on China's desire to increase its heft in the international monetary system, we focus on the efforts of the Chinese government to internationalize the use of its currency. The Chinese government is relaxing the restrictions on foreign ownership of Chinese assets, and foreign holdings of yuan-denominated bank deposits, debt securities and equities have all increased significantly in recent years.  READ MORE>>  

 
Asia Pacific Region Payments      

Coface - April 29, 2015  

Although the region's general overdue situation deteriorated, a marked improvement on all indicators was witnessed in Australia (i.e. occurrence of overdues, length of average overdue and potential liquidity issues related to ultra-long overdues exceeding 180 days). Taiwan and Singapore also experienced improved payments in 2014, in terms of length of average overdue and weight of ultra-long overdues.  READ MORE >>

  

May 6, 2015 
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Why is Everyone Choosing ICTF:

  "I was very impressed with ICTF and the degree of professionalism of everyone involved with the symposium. Another aspect that I felt was also very important was the open friendliness of the members that I met and talked with. It is very clear to me this is an excellent group of people, and companies."

 

"I really came away with a strong sense that this is a very strong association and I will recommend to my CFO that we join the membership." 

 

 

 "Excellent opportunity to learn, not just in the conference programs, but in the networking as well."

  
"I am proud to be part of ICTF. Everyone is wonderful and the staff is great, personable and put a great program together."
 

Contact ICTF

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(0) 7805 231 692 (EU)

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