Electronic bill of lading cuts discrepancies that slow trade payments

Article Abstract:

Electronic bill of lading programs developed by banks network companies such as export manufacturers, freight forwarders and shippers in order to facilitate international trade-related documentary collections. This is seen as the first step toward a totally electronic data exchange among companies involved in international trade, which should speed up payment, improve cash flow, reduce the time required to perform international transactions and make verification of letters of credit easier. Use of the Accelerated Trade Payment program by First Chicago's internationally trading companies can save exporters around $1,500 in interest revenues for every $1 million in shipped goods.

Banking industry, Economic aspects, Technology application, Financial institutions, Commerce, column, Bills of lading

---

How will tax reform affect treasury?

Article Abstract:

The Tax Reform Act of 1986 will increase corporate taxes by $120 billion over the next five years. Incentives that have in the past favored capital intensive manufacturing industries will be eliminated, and the investment tax credit will be repealed, which is retroactively effective January 1, 1986. The maximum corporate tax rate will be reduced from 46 percent to 34 percent beginning July 1, 1987, and the 28 percent capital gains tax rate will be eliminated. The research and development credit will be extended to December 31, 1988.

Innovations, Taxation, Accounting and auditing, Corporate taxes, Corporations, Cash flow, Reserves (Accounting), Controllership

---

Similar abstracts:

• Abstracts: Bank consolidation and small business lending: it's not just bank size that matters. Is there a tradeoff between bank competition and financial fragility?
• Abstracts: Publicize the process of making an ethics complaint. Ethics and the professions. Ethics awareness month
• Abstracts: Educational publishing & service companies. Educational Development Corporation (EDUC)
• Abstracts: Fairly prices, but still a sell. Gearing up for warrant profits. A bear picnic
• Abstracts: Inflation accounting disclosures and stock price adjustments: some Canadian results

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.