Effects of Late or Non-payments/Summary

Summary
An international credit manager must understand the principles of risk assessment since the extension of credit requires an analysis that determines the ability of the customer to pay. In addition, it is important to know credit risk features, not only the “basic” tools (the “5 C’s”) but the additional attributes of international risk (the 3 “C’s). As guardian of the accounts receivable investment, an international credit manager is the company representative who needs to know and to be able to describe how customer nonpayment impacts the company’s business.