Exporters who utilize letters of credit (LCs) for their overseas sales should be aware of changes in the regulations that pertain to them. Those that attended a teleconference September 29, hosted by FCIB, got the opportunity to learn of some of the major changes likely to take place in how letters of credit are processed. [...]
Rudet Fountain, National Sales Manager for American Check Management (ACM) recently informed NACM of recent changes in the management of electronic transfer of funds that allows check conversions for business checks. These changes were implemented on September 15 by NACHA, known as The Electronics Payment Association. NACHA, according to its website, is a non-profit association [...]
Those who attended an NACM teleconference September 20th learned some valuable information on how to steer clear of possible violations of anti-trust laws. The teleconference entitled, "Navigating the Antitrust Rules: Myths To Dispel And Realities To Understand," was presented by Wanda Borges, Esq., of Borges and Associates, LLC, who is an advisor to NACM on [...]
The role of credit applications in the credit and collections process was explained in an NACM teleconference Sept. 11, 2006, entitled, “Credit Applications Are Important Documents.” The presenter was Lynnette Warman of the Dallas-based law firm of Jenkens & Gilchrist. Warman said that the credit application might serve several functions such as gathering pertinent company [...]
Find out what you need to know about and what you need to include in your credit applications after the revisions to Article 9 of the Uniform Commercial Code (UCC) from Lynnette Warman, an attorney specializing in the area of debtor and creditors rights. Lynnette will also discuss some new “tricks” to give your company [...]
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