Step 5 to Financial Recovery: Fiscal First Aid

In our series on the 12 Steps to Financial Recovery we have so far talked about recognizing that there is a problem, mobilizing resources (including your team), trying out some generic treatments (which is the beginning of the process of elimination, really) and then getting a more in-depth diagnosis underway.  This brings us to Step … More Step 5 to Financial Recovery: Fiscal First Aid

Step 4 to Financial Recovery: Initial Diagnosis

We have been talking about the Process to Financial Recovery (as per the Government Finance Officers Association) in our series of the same name so far and we have talked about recognizing, mobilizing, and coming up with generic treatments.  Today we are up to Step 4: the Initial Diagnosis. Now some will ask: why are … More Step 4 to Financial Recovery: Initial Diagnosis

Step 3 to Financial Recovery: Generic Treatments

As we continue through the Process to Financial Recovery (as defined by the Government Finance Officers Association) we come to Step 3: Generic Treatments. At this point, after recognizing the problem(s) in the business and mobilizing a core team to carry out the strategy for recovery, cost-cutting techniques may need to be enforced without hesitation … More Step 3 to Financial Recovery: Generic Treatments

Introducing Our New Series: The 12 Step Process to Financial Recovery

As part of our ongoing effort to talk about the world of finance, and taking into consideration the present financial situation of many companies and individuals alike all over the world, we are starting a new series that will cover the 12 step process to financial recovery that was developed by the Government Finance Officers … More Introducing Our New Series: The 12 Step Process to Financial Recovery

A Second Chance At Success: The Benefits of Debt Restructuring

Due to the start of the 2008 financial crash that has gone on to lead the world into a new depression, Banks have forced companies to substantially reduce their credit lines and/or long-term debts. In fact, as a result of the “Crisis” the overall value of numerous companies’ assets (ex: land, building/property, equipment, etc) have … More A Second Chance At Success: The Benefits of Debt Restructuring

International Trade, Part III: Countertrade

In this 3rd part of our series on finance in international trade, we’re touching briefly on countertrade, or the trade arrangement in which groups circumvent strict foreign exchange controls and/or low creditworthiness by the practice of countertrade. In brief definition, countertrade is the arrangement in which services and/or goods are exported by a manufacturer with … More International Trade, Part III: Countertrade

International Trade, Part II: Government Programs

Continuing in our series on trade financing, here we’re going to talk a bit about government programs to subsided credit for national exporters. One example is export credit insurance, which allows an exporter to receive insurance in the case that the customer (importer) defaults on payment.  If so, the insurance agency will pay a large … More International Trade, Part II: Government Programs

New Series! International Trade Finance – Forfaiting

There are classic ways of financing certain types of projects and then sometimes you need to work with the alternatives to make things work out well.  In trade finance, there is such an alternative financing tool that is called forfaiting. The aim of forfaiting is to eliminate risk of nonpayment by the importer if they … More New Series! International Trade Finance – Forfaiting