MBITA Events

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Finance Your Global Trade Transactions

Category: Luncheons
Date(s) and Time(s): Friday, Oct 27, 2006, 11:30 AM - Friday, Oct 27, 2006, 02:00 PM
Venue: Maggiano’s Little Italy San Jose
Address: 3055 Olin Ave.
City / State / Country: San Jose / CA / US
Organizer / Promoter: MBITA - sponsored by Guaranty Bank of California
Phone: 831-335-4780
Email: cristina@mbita.org
URL: http://www.maggianos.com/locations/detail.asp?unit_id=001.025.0183
Description: The Monterey Bay International Trade Association (MBITA), the Monterey Export Assistance Center (EAC) of the U.S. Department of Commerce (USDOC), in conjunction with the Greater San Jose Hispanic Chamber of Commerce (GSJHCC) and the Silicon Valley Center for International Trade Development (SVCITD) invite you to attend the luncheon meeting ‘Finance Your Global Trade Transactions’, sponsored by Guaranty Bank of California (www.guarantybankofcalifornia.com).

Why this program is important for your company: Cash in advance and letters of credit are no longer always competitive terms in the international marketplace. Creditworthy foreign companies in developed countries, accustomed to buying on open account from their other suppliers, are going to expect the same terms from U.S. exporters. Customers in emerging foreign markets, on the other hand, face scarce capital, currency controls, and high interest rates, making it difficult or impossible to order from their U.S. suppliers without credit terms.

Here’s what you’ll learn from our GUEST SPEAKERS

Gary Mendell, President of Meridian Finance Group, will explain in detail why exporters need to extend competitive payment terms to their international customers. He will describe how to extend credit to companies in other countries and how to protect foreign receivables and be confident of getting paid by using export credit insurance.

David Josephson, Western Regional Director of Export-Import Bank of the U.S., will provide a description of Ex-Im Bank programs, a brief overview of Ex-Im Bank transactions in Fiscal Year 2005, a report card on what Ex-Im Bank has done for small businesses, and a profile of exporters who qualify for Ex-Im Bank programs.

Edward Tang, Assistant Manager of Guaranty Bank of California and Export Trade Financing Specialist, will cover pre-shipment and post-shipment trade financing, application of various loan programs, and tips on dealing with banks.

For speaker bios visit www.mbita.org/financing_bios.pdf

Date: Friday, October 27, 2006
Place: Maggiano’s Little Italy San Jose – 3055 Olin Ave., San Jose, CA 95128
Time: 11:30am registration, lunch and presentation from 12:00 to 2:00 pm
Price: $25 members; $35 non-members (online registration until Thur. 27 @ 5:00pm)
Pay at door: $30 members, $40 non-members (cash or checks only)

Reservations required. Call 831-335-4780.

More information and online registration at www.mbita.org/events/home.php

Or contact the MBITA office at 831-335-4780 cristina@mbita.org

Register for this event Online!