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United Nations Conference on Trade And Development (UNCTAD) and International Trade Centre - UNCTAD/WTO (ITC) First In PowerPoint Presentation
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United Nations Conference on Trade And Development (UNCTAD) and International Trade Centre - UNCTAD/WTO (ITC) First International Conference on Developing Credit Insurance in Africa and the Mediterranean PUBLIC INFORMATION SOURCES IN THE MIDDLE EAST

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slide1

United Nations Conference on Trade And Development (UNCTAD) and International Trade Centre - UNCTAD/WTO (ITC)First International Conference on

Developing Credit Insurance in

Africa and the Mediterranean

public information sources in the middle east

PUBLIC INFORMATION SOURCES IN THE MIDDLE EAST

Presented By Mrs. Katerina Miltiadou Malek

credit information
CREDIT INFORMATION

In Developed Countries:

  • Connected with the Development of Risk Management and
  • Credit Insurance
credit insurance in the middle east
CREDIT INSURANCE IN THE MIDDLE EAST
  • Recently developed
  • People not yet very familiar with the “Concept”.
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CREDIT INFORMATION AGENCIES IN THE MIDDLE EAST

  • Appeared 30 years ago
  • NOT widely Accepted by the Business People
  • Considered to be serving the competition
  • Business people were Conservative, Secretive, and Uncooperative.
credit reports
CREDIT REPORTS

Enable Credit Insurers and Credit Managers to:

  • Assess the level of risk involved in dealing with certain Business Entity
  • Decide whether to trade with a particular business and on what terms
  • Set the credit limit
  • Avoid potential bad debts.
credit information reports
Should:

Contain accurate and reliable information

Be comprehensive

Up to date

On Time

CREDIT INFORMATION REPORTS
sources of information
A. PUBLIC SOURCES

- Company Registries (Governmental)

- Chamber of Commerce

-Court

B. OFFICIAL PUBLICATIONS

- Gassettes, etc.

C. PRIMARY DATA

- Personal Interviews with the Business Key Management, and Observations

D. REFERENCES

- Newspaper / Magazine Cuttings

E. The Market Itself

Sources of Information
company registries
COMPANY REGISTRIES
  • Governmental Authorities
  • Responsible for the registration of all companies/Business Entities Operating in a country.
company law
“COMPANY LAW”
  • Regulates the registration procedure of the various Business Entities.
  • Companies should FILE CERTAIN DOCUMENTS Identifying their status.
  • REGISTERED Companies become Juridical Persons.
juridical person
Upon Registration Each Company Obtains Its Commercial Registration Number and Becomes a Juridical PersonJURIDICAL PERSON
juridical persons
JURIDICAL PERSONS
  • Behave as Physical persons in business life.

Contract, BUY/SELL, SUE and be SUED, Take Decisions, etc.

before dealing with a registered company
BEFORE DEALING WITH A REGISTERED COMPANY

BE INFORMED ON ITS:

1. Legal Status 2. Owners

3. Management 4. Capital

5. Finance 6. Nature of Activities

transparency of company laws and regulations
TRANSPARENCY OF COMPANY LAWS AND REGULATIONS

The Public HAS THE RIGHT TO Access Official Authorities’ Records on Business Entities.

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TIME

In the Middle East the search with Public Sources is allowed only on written request and at the payment of a substantial fee.

  • Information might be obtained LATE.
  • Business deal might be CANCELED.
  • LATE information will be of No Use.
use of accurate credit information
Results

Strengthening of Trust and Confidence in the Business Environment

Elimination of Fraud, Payment Delays, Bad Debts.

USE OF ACCURATE CREDIT INFORMATION
conclusion
CONCLUSION
  • FAST DECISION MAKING IS IMPORTANT
  • TIME IS CRUCIAL
  • PROVISION OF INFORMATION ON LINE IS ESSENTIAL TODAY.