Page 182 - FM Integrated WorkBook STUDENT 2018-19
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Chapter 9
Accounts receivable and payable –
managing foreign trade
Overseas accounts receivable and payable bring additional risks that need to be
managed.
Export credit risk is the risk of failure or delay in collecting payments
due from foreign customers.
Foreign exchange risk is the risk that the value of the currency will
change between the date of the contract and the date of settlement.
Foreign exchange risk will be looked at in more detail in a later chapter.
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