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Managing financial risk and getting paid when trading internationally

When and Where

  • Date: 26 January 2021
  • Start & End Time: 2:00 pm - 3:00 pm
  • Location: Online

Address: Online

Event Details

Understand how to mitigate the risk of not being paid when trading with overseas markets.

Risk around ‘getting paid’ and delays impacting cash flow 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.

This is the eighth in a series of 10 webinars aimed at helping companies prepare for international trading post EU transition period. Future webinars include:

Developing overseas markets and managing international partners
Effective international supply chain management

VIEW OTHER EVENTS IN THIS SERIES

This event is part of the Business Gateway Growth Hub’s EU transition support. View more here.

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