Invitation to the Seminar on Risk Management in International Factoring Mexico City, Mexico December 2015

Transcription

1 Invitation to the Seminar on Risk Management in International Factoring Mexico City, Mexico December 2015 The FCI Technical Committees have worked closely together to bring a new series of seminars on Risk Management in International Factoring. After very successful seminars in three different continents in 2013 and 2014, we have held Risk Management Seminars in Shenzhen and Taipei, last April. For this Seminar, Mexico City has been selected as the venue. The Seminar is primarily meant for all FCI members and a select number of "observers" from the America s, but attendants from other parts of the world are welcome as well. Preventing and controlling risks are key advantages in successful risk and capital management, which in turn are critical to entrepreneurial success in the factoring industry. The repercussions of loose risk management infrastructure and education include fraud, commercial default, bankruptcy, operational error, and financial penalties stemming from a weak compliance environment, to name a few. Risk management is a constant challenge to all financial institutions. Factoring companies need to consistently develop and improve their operational and technical practices. It is a rapidly developing discipline and there are many and varied views and descriptions of what risk management in international factoring business involves and how it should be conducted. Risk management forms a key part of many business activities, and this seminar will help you successfully manage different risks in your organisation. This seminar will focus on 4 main themes relating to risk: Seller Risks in international factoring Buyer Risks in international factoring Operational Risks in international factoring Third Party / Compliance Risks in international factoring What will the Delegates learn? The seminar is designed to cover all risk factors in an international factoring transaction and to provide delegates with an understanding of the importance of internal controls and risk management in factoring operations. The seminar is also intended to give the attendants guidance on assessing the risk management and internal control environment in key functions such as seller selection & control, buyer control, including operations and third party risks. Who Should Attend? Anyone who is involved in managing, controlling and monitoring risk will benefit from this seminar such as employees from the Risk Department, Team Managers, Audit Managers, Compliance Managers, Relationship and Operation Managers etc., of factoring companies and/or bank factoring divisions.

2 The seminar will be conducted in the Spanish language. The enclosed registration form is to be used for making the necessary reservations for the Mexico seminar. In case of any questions, please do not hesitate to contact the Secretariat. On behalf of the FCI Education Committee, Yours sincerely, FACTORS CHAIN INTERNATIONAL The Secretariat Peter Mulroy Secretary General

3 SEMINAR OUTLINE DAY 1 Morning Seller Risks in International Factoring The Seller Selection Process. The Factoring Criteria. Variations for different Factoring Products. Approval Process. The Seller Control process. Monitoring the changes. Detecting Fraud. Preventing Fraud. Invoice Verification. Afternoon Buyer Risks in International Factoring Why is Buyer Risk Control important? Buyer Risk Control and Credit Cover. Assessment of the Buyer. Monitoring Buyer Risk. Detecting Buyer Fraud. Dispute Risk. DAY 2 Morning Operational Risks in International Factoring Risks relating to improper use of edifactoring.com Risks relating to wrong interpretation of the GRIF. Non-compliance of assignment. Risks of non-trained staff. Lack of internal procedures. Lack of operational control points. Archiving. Afternoon Third Party Risks in International Factoring Compliance Know your client Anti-Money Laundering Import and Export Factors Insurance Regulatory bodies Financial Institutions Each session will be supported by presentations and related example cases & discussions.

4 PROGRAMME TUESDAY 1 DECEMBER Welcome coffee and registration PLENUM session Welcome drinks and dinner WEDENSDAY 2 DECEMBER Buffet breakfast (included in room price) Plenum session GROUP PHOTO Coffee break in Foyer Group discussions in breakout rooms Luncheon Plenum session Coffee break in Foyer Group discussions in breakout rooms Drinks and dinner outside the hotel THURSDAY 3 DECEMBER Buffet breakfast (included in room price) Plenum session Coffee break in Foyer Group discussions in breakout rooms Buffet luncheon Plenum session Coffee break in Foyer Group discussions in breakout rooms Plenum session, wrap-up, Q&A, etc. END OF SEMINAR

5 IMPORTANT INFORMATION 1) Registrations Please use the enclosed registration form and make sure that it reaches the FCI Secretariat as soon as possible. For this seminar, we can only accommodate a total of 40 delegates. After receipt of your registration form, the FCI Secretariat will send you an invoice, which will serve at the same time as a confirmation of the registration and accommodation. 2) Seminar Venue and Address Sheraton Mexico City Maria Isabel Hotel Tel Paseo de la Reforma 325 Fax Col. Cuauhtémoc C.P , México, D.F. The Sheraton Mexico City Maria Isabel Hotel is located in the heart of the financial and shopping district, and just 30 minutes away from Benito Juarez International Airport. FCI will not arrange transport to and from the conference hotel. 3) Room Rates The room rate is USD net per room per night, for single occupancy (USD for twin occupancy), inclusive of buffet breakfast and (2 hours per day of) wifi, but exclusive of 19% federal tax. For each delegate a single hotel room will be reserved. Please tick the appropriate box if you wish to share the room with another delegate. Check-in time is hours and check-out time is hours. For early arrivals the room must be booked from the previous night; for late departures, an additional night will be charged. The hotel bill for accommodation and all private expenses like bar, telephone, internet, etc., must be settled by delegates themselves directly with the hotel upon departure. The hotel accepts cash and all major credit cards. 4) Dress code and climate Smart casual clothing throughout the seminar. Mexico s winters can be really chilly and the summers can be really rainy, but the first days of December are just in between with temperatures around 22⁰ C (72⁰ F) and little or no rain. Please be prepared for the high altitude of 2,250 meters (7,200 feet) above sea level, and the thin air. 5) Conference documents and delegates programme Practical information and your homework will be sent out by one week before the meeting. Detailed delegates programmes will be distributed in Mexico.

6 6) Registration fee and payment The registration fee for the seminar is Euro 550 per delegate and includes dinners/luncheons/coffee breaks during the conference days, use of the conference rooms and conference materials. After receipt of the invoice, the registration fee is to be paid by bank transfer (NO cheques), quoting the invoice number, to: Factors Chain International Account number: Bank: ABN AMRO, P.O. Box 283, 1000 EA Amsterdam, The Netherlands SWIFT Code: ABNANL2A IBAN: NL04ABNA VAT number: NL B01 NOTE: Registration fees must have been paid prior to 1 December or your company takes the risk that delegates on a waiting list will be given the chance to attend instead. 7) Cancellations Registration fees will be reimbursed in full for cancellations received before or on 1 December No refunds can be made for cancellations received after that date.

7 COMPANY NAME REGISTRATION FORM for SEMINAR on Risk Management in International Factoring MEXICO CITY, DECEMBER FACTOR CODE DELEGATE 1 Mr Ms Position Family name First (given) name (in simplest possible form) Department/branch office address Arrival date Departure date Years of experience in current position Arrival time Departure time Please note: If you state no arrival/departure date, a hotel reservation will be made for arrival on Tuesday 1 December and departure on Thursday 3 December. Special wishes for meals for health or religious reasons DELEGATE 2 Mr Ms Position Family name First (given) name (in simplest possible form) Department/branch office address Arrival date Departure date Years of experience in current position Arrival time Departure time Please note: If you state no arrival/departure date, a hotel reservation will be made for arrival on Tuesday 1 December and departure on Thursday 3 December. Special wishes for meals for health or religious reasons In case above two delegates wish to share the hotel room, i.e. book one twin bedded room instead of two single rooms, tick here Registration fee per delegate: Euro 550. The FCI Secretariat will send an with a scanned copy of the invoice to you upon receipt of your registration form, confirming your attendance and hotel accommodation. Please quote the invoice number when remitting the registration fee. DATE NAME SIGNATURE