Bank, trade center at SIUE teaming up for seminar on international credit

The Illinois International Trade Center at SIUE in partnership with Associated Bank will present a workshop on international credit and foreign exchange risk management.

The seminar will address the challenges of being paid for international transactions and will present key approaches to minimize risks and optimize your competitiveness.

It is sponsored by  Associated Bank.

It will be held  Monday, Nov. 18, from 10 a.m. to 1 p.m. (9:30 a.m. registration) at Morris University Center-Maple/Dogwood Room (2nd Floor) at Southern Illinois University Edwardsville.

The fee of $25 includes lunch, materials and parking. The lunch is sponsored by Associated Bank.

Space can be reserved by registering at http://commerce.cashnet.com/siuebus

Here is a description of the program:

International Payments
Whether you are exporting or importing, it is critical that your payments be completed promptly and efficiently in order to maximize success in today’s competitive market. Learn about the range of payment methods used in international transactions to reduce risk,  mainly, letters of credit.

Currency
Whether your business trades in euros or yuan –or other minor or exotic currencies-this program will cover the basic concepts of foreign exchange, billing customers in U.S. dollars versus local currency and the benefits of invoicing in foreign currency. An actual foreign invoice in the buyer’s currency will be created during the seminar.

Financing
Maximize your profit potential by working with the right partners and programs to increase your borrowing and credit capacity. Learn how to take advantage of U.S. government support through export credit insurance and loan guarantees.

Presenters:
    Angie Kappel, CTP, VP Foreign Exchange, Associated Bank, NA
    Paul Eversman, VP Foreign Exchange & Trade Finance, Associated Bank, NA
    Larry Cresswell, Export Finance Manager, Small Business Administration
    Mark Klein, Regional Director, Export Import Bank of the U.S.

For more information contact the ITC at International-Trade-Center@siue.edu; (618) 650-3851 / (618) 650-2452 or visit at www.siue.edu/business/itc