1. Developing Credit Insurance in Africa and the Mediterranean
United Nations Conference on Trade And Development (UNCTAD) and International Trade Centre - UNCTAD/WTO (ITC) First International Conference on
Developing Credit Insurance in
Africa and the Mediterranean

2. PUBLIC INFORMATION SOURCES IN THE MIDDLE EAST
Presented By Mrs. Katerina Miltiadou Malek

3. CREDIT INFORMATION In Developed Countries:
Connected with the Development of Risk Management and
Credit Insurance

4. CREDIT INSURANCE IN THE MIDDLE EAST
Recently developed
People not yet very familiar with the “Concept”.

5. CREDIT INFORMATION AGENCIES IN THE MIDDLE EAST
Appeared 30 years ago
NOT widely Accepted by the Business People
Considered to be serving the competition
Business people were Conservative, Secretive, and Uncooperative.

6. CREDIT REPORTS Enable Credit Insurers and Credit Managers to:
Assess the level of risk involved in dealing with certain Business Entity
Decide whether to trade with a particular business and on what terms
Set the credit limit
Avoid potential bad debts.

7. CREDIT INFORMATION REPORTS
Should:
Contain accurate and reliable information
Be comprehensive
Up to date
On Time

8. Sources of Information
A. PUBLIC SOURCES
- Company Registries (Governmental)
- Chamber of Commerce
-Court
B. OFFICIAL PUBLICATIONS
- Gassettes, etc.
C. PRIMARY DATA
- Personal Interviews with the Business Key Management, and Observations
D. REFERENCES
- Newspaper / Magazine Cuttings
E. The Market Itself

9. COMPANY REGISTRIES Governmental Authorities
Responsible for the registration of all companies/Business Entities Operating in a country.

10. “COMPANY LAW”
Regulates the registration procedure of the various Business Entities.
Companies should FILE CERTAIN DOCUMENTS Identifying their status.
REGISTERED Companies become Juridical Persons.

11. JURIDICAL PERSON
Upon Registration Each Company Obtains Its Commercial Registration Number and Becomes a Juridical Person

12. Contract, BUY/SELL, SUE and be SUED, Take Decisions, etc.
JURIDICAL PERSONS
Behave as Physical persons in business life.
Contract, BUY/SELL, SUE and be SUED, Take Decisions, etc.

13. BEFORE DEALING WITH A REGISTERED COMPANY
BE INFORMED ON ITS:
1. Legal Status 2. Owners
3. Management 4. Capital
5. Finance 6. Nature of Activities

14. TRANSPARENCY OF COMPANY LAWS AND REGULATIONS
The Public HAS THE RIGHT TO Access Official Authorities’ Records on Business Entities.

15. TIME
In the Middle East the search with Public Sources is allowed only on written request and at the payment of a substantial fee.
Information might be obtained LATE.
Business deal might be CANCELED.
LATE information will be of No Use.

16. USE OF ACCURATE CREDIT INFORMATION
Results
Strengthening of Trust and Confidence in the Business Environment
Elimination of Fraud, Payment Delays, Bad Debts.

17. CONCLUSION FAST DECISION MAKING IS IMPORTANT TIME IS CRUCIAL
PROVISION OF INFORMATION ON LINE IS ESSENTIAL TODAY.

18. THANK YOU FOR YOUR TIME