for funding that is collateralised by euro-denominated securities have become less stringent for most collateral types since the December 2013 survey.
Hellenic acknowledged last month it was buying oil from Iran and paying for the shipments later, terms known in industry jargon as open credit terms
The white paper is based on qualitative interviews and surveys of businesses and aims to establish the effect the economic downturn has had on credit terms
as well as recommending actions to ensure credit continues to facilitate trade.
Based on qualitative interviews with and surveys of businesses operating throughout Europe and in many other countries, the white paper has found a hardening of attitudes between suppliers and buyers, with suppliers in some instances withdrawing credit facilities from their customers, and instead insisting on up-front payment, while powerful buyers have demanded longer credit terms
from their hard pressed suppliers.
This can help a business owner determine if the credit terms
the company currently is using need to be changed.
There may be value in studying the relationship between the awareness of credit terms
and the use of credit, because it is not altogether clear how that relationship operates.
Finally, do not buy more than you need or more than you expect to sell, regardless of how favorable the sale or credit terms
PSS said it had concerns over whether new management would honor and abide by past practices with regard to trade and credit terms
Under this new monetary regime, currency risk is eliminated, giving greater access to international funds, which translates into improved benefits for the local population: reduction of interest rates, longer credit terms
, and a broader offer of financial products.
Review Your Credit Terms
- Are they consistent normal industry practice, as well as legal standards?
If an increase occurs, then your business's credit terms
or collection policies might need to be reviewed.
According to ICSC spokesman Don Pendley, even shopping center development companies with flawless credit histories are finding credit terms
being re-defined mid-loan, funds being withdrawn mid-construction and banks demanding larger equity positions in new centers than ever before.