Imagine you’re a buyer and you want to purchase a high-value shipment from a seller overseas. You don’t know each other well, so you bring in a letter of credit (LC)—your trusty financial bodyguard from a bank. The bodyguard promises…
It may be a bit early for the annual economist exercise of forecasting the year ahead, but nothing about this year has been normal. We are doing good to predict next Tuesday, much less next year. Nonetheless, there is demand…
Credit managers spend a lot of time seeking out the ideal balance between risk and speed. Finding a credit line that protects your company without hindering profits is no easy task. Whether they’re eager towhen closing a large sale or…