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The Cutting Edge™ August 2005
International Business Development
WMMA Offers Free Workshop on Ex-Im Bank's Export Insurance Programs
WHAT: Workshop on Ex-Im Bank's Export Insurance Programs - Your key to short-term financing for your customers
WHERE: WMMA Headquarters, The office of Fernley & Fernley, 100 North 20th Street, Philadelphia, PA 19103
WHEN: Wednesday, October 12, 2005; 1:00 PM - 4:00 PM
COST: Free. WMMA will even pick up travel and related costs to and from Philadelphia.
PRESENTER: The speaker will be Sharyn H. Koenig, Senior Business Development Officer, Ex-Im Bank
WHO SHOULD ATTEND:CEO's, Presidents, CFO's, Marketing and International Marketing and Sales Managers
WHY:
The mission of the Export-Import Bank of the United States (Ex-Im Bank) is to support the financing of U.S. goods and services, turning export opportunities into transactions. As an independent U.S. government agency, Ex-Im Bank assumes credit and country risk that the private sector is unable or unwilling to accept. Their products fill financing gaps, allowing U.S. exporters to break into new markets and increase their export sales. No letters of credit are required; plus you have the ability to discount the account receivable with your bank and get immediate payment.
One of the most important products for the smaller U.S. exporter seeking short term (up to 1 year) accounts receivable financing is their family of Export Credit Insurance Policies. This workshop is designed to:
Expose members to these valuable tools: Multi-Buyer, Single-Buyer and Small Business Export Credit Insurance Policies
Demonstrate how to use insurance as a marketing tool and as a financing aid
Identify the benefits and requirements of each type of policy
Explain each policy's coverage and the costs to you and your customer
Ease the application process to keep it short
The workshop will include case studies. Bring your questions, concerns and needs, and learn how export credit insurance may become an integral part of your international marketing package.
Purchase terms are a major stumbling block for many of our members. Too often we let deals slip through our fingers because we cannot extend terms to the client or are unwilling to do so because of the risks and unknowns. The Ex-Im Bank's family of credit insurance programs is designed to give you the flexibility of offering extended purchase terms to your buyer without tying up his or your credit lines or using cumbersome and costly letters of credit. Additionally, as US Government insured policies, they can also provide you with the option of discounting the instrument through your bank for immediate payment.
The WMMA considers this workshop so important to your company that it is underwriting your total out of pocket costs to attend - travel, hotels, meals and registration. If you are serious about expanding your marketing territory, you cannot afford to let this opportunity pass you by.
To sign up, send an email with your commitment to attend by October 3rd to:
Karen Boyle
WMMA
kboyle@fernley.com
Thanks.
Table of Contents
The Chinese Revalue
Coming Attractions - A Uniform Simplified State Sales and Use Tax System
WMMA Offers Free Workshop on Ex-Im Bank's Export Insurance Programs, October 12, Philadelphia
Free ANSI Compliance Workshop, October 12, Philadelphia
Value Stream Mapping Workshop - September 15 & 16, Grand Rapids
PLP&D Fall Workshop - September 29-30, 2005 Lansdowne Conference Resort - Leesburg, Virginia
Born in the U.S.A. - A Review of the Products Highlighted on the WMMA Press Tour
How to Make Your Web Site a Lead-Generation Machine
Notice Regarding Your NAM Membership through WMMA
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