Tag: Credit Risk

Letters of Credit (LCs) are one of the most versatile and secure payment instruments used in international sales. However, securing an LC is becoming increasingly challenging in today’s global business environment. Credit professionals seeking letters of credit must now invest more time and resources in ensuring they meet evolving criteria.

Steep losses for the stock market and a slump in FDI to the lowest level in decades has brought added urgency to efforts by officials in Beijing to shore up confidence that the CCP regime is prepared to take the steps required to stabilize an economy that has shown signs of wobbling amid mounting difficulties for the crucial property sector. However, neither the measures unveiled in mid-May nor the more recent proposal to permit local governments to fund home purchases through an existing “special bond” program previously reserved for financing infrastructure and environmental projects has …

Prime Minister Narendra Modi has praised India’s ongoing impressive economic performance, highlighting that the country is once again poised to lead the ranking of the ten fastest-growing major economies in 2024.

Performance metrics are used to assess and enhance efficiency, productivity and success in organizations or projects. But they can also measure customer performance, assess risk and rank customers.

During vendor selection, customers are expected to compare and negotiate terms. But what might lead them to switch to a new vendor, even if the current one is a good fit?

In the construction industry, various factors can make unfinished projects unavoidable. In recent months, the number of abandoned construction projects has increased due to higher insurance and interest rates, rising material costs, delayed shipments, labor shortages and adverse weather conditions.

Imagine a stretch of land where financial institutions are as elusive as an oasis in the desert—that’s a banking desert, an area devoid of bank branches.

In a landmark 5-4 decision in Harrington v. Purdue Pharma that will significantly reshape corporate bankruptcy practice, the U.S. Supreme Court resolved a circuit split regarding the authority of a bankruptcy court to approve releases in favor of non-debtor entities without the consent of impacted third parties. Reversing the decision of the Second Circuit, the Supreme Court’s narrow majority held that such non-consensual releases—other than in the context of asbestos-related claims—are not authorized under the Bankruptcy Code.