Host: The Export Department
Location: Online - Webinar
Date: Tuesday, 26th January 2021 at 2pm - 3pm
Understand how to mitigate the risk of not being paid when trading with overseas markets.
Risk around ‘getting paid’ and delays impacting cashflow is one of the no.1 concerns we hear cited by micros and SMEs all the time; over the past few years, exchange rate fluctuations linked to Brexit uncertainty have also inflicted pain on smaller exporters.
Join Andrea Collins of The Export Department as she explains how exporters can minimise the risk of not getting paid when trading with overseas markets. In this session Andrea will be talking about the various ways exporters can be paid by their customers, exploring in detail the various options i.e. open account, bank collection, letter of credit, and advance payment; she will also be highlighting the benefits, risks and likely customer attitudes to each.
This session also focuses on mitigating risk, helping you understand the various options and support open to you including Government backed schemes such as UK Export Finance, and other credit insurance providers; as well as credit scoring, effective credit control, factoring solutions, currency hedging, and letters of credit.
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