Abstract: Methods and Apparatus for monitoring collateral risk are described. In one embodiment, the method includes monitoring, for example, accounts receivable, accounts payable, inventory, trading partners, chart of accounts, invoices, and/or payments of a client using a process management and workflow system coupled to a data repository. Specifically, and in an exemplary embodiment, the method includes receiving financial information, extracting data from the financial information, evaluating current collateral information based on the data, and evaluating current credit status.

Abstract: The invention relates to a method and system wherein a Funding Company and a Purchaser enter into an agreement pursuant to which a mechanism is established under which the Purchaser's Suppliers are offered the opportunity to obtain the prompt or accelerated payment of the Purchaser's existing or future trade credit obligations (which are commonly referred to as the Purchaser's “accounts payable” or “trade payables”) to them in exchange for providing percentage discounts, which are commonly referred to as “prompt payment discounts,” from such trade credit obligations. Suppliers may bargain or bid for prompt or accelerated payment under the mechanism that is established by offering prompt payment discounts with respect to such trade credit obligations. The Funding Company pays the discounted price of the trade credit obligation on behalf of the Purchaser, and the Purchaser pays the Funding Company a higher amount than the discounted price of such trade credit obligation, up to the full face value of such trade credit obligation, at an agreed upon future date.

Abstract: The study takes off from an earlier inquiry on the effects of HCV (home consumption value) valuation. This study is intended to assist policymakers as well as the private sector in their task of deciding whether to implement or postpone the adoption of the GATT Valuation Code (GVC) by January 1, 2000. Under the GVC, the dutiable base for imports is defined as the "transaction value"--i.e., "the price actually paid or payable for imported goods." The findings of the study support the argument that trade liberalization in the form of lower tariffs will reduce the incidence of underinvoicing.

Abstract: Abstract Disablement caused by accidents or disease arising out of and in the course of employed earner’s employment has, by virtue of the social security industrial injuries support it attracts, enjoyed an historical preference and a unique position in the sys tem of social security which has developed over the past one hundred years. There are currently four benefits which reflect that preference. The first and most important is disablement benefit.This provides compensation by means of a weekly pension related to the percentage degree of disablement suffered by the claimant. The next two, which take the form of additions to disablement benefit, are the increases in respect of constant attendanceand exceptionally severe disablementwhich are payable only to those claimants who are 100 per cent disabled and have significant care needs.

Abstract: A method of generating a gift certificate in which the gift certificate is in the form of a negotiable instrument payable to the identified merchant and drawn upon funds deposited in a depository bank. The method of the current invention further includes registering merchants to participate in a service in which gift certificates for a plurality of merchants are offered from a central location which can be, for example, an Internet site.

Abstract: PROBLEM TO BE SOLVED: To enable a device, which does not have a function of controlling balance for every department, to manage receivable account balances and payable account balances for every department without changing the logic of each process by separating the in-process data of receivable account balance data and payable account balance data for every department. SOLUTION: A data separating means 301 prepares schemers for every department unit whose payable account balances and receivable account balances are managed and defines tables in the schemers to separate data for every department. A data referring means 302 switches the object of data reference and updating among the schemers in a process for managing the receivable account balances and payable account balances, and refers and updates the data for every department unit separated in the respective schemers. In respective processes for sales input and receivable account bill output, the data referring means 302 refers to and updates the data of the tables in the respective departmental schemers to control the receivable account balances and payable account balances for every department.

Abstract: Small engineering firms often do not have a full-time staff member dedicated to collecting on past due accounts, yet it is small business that can be most damaged by unpaid bills. Experts say the first step to handling accounts payable is to discuss the company's payment terms with clients up-front, delineate them in a signed contract, and remind them of the terms with each invoice. Then stay on top of payments; anything that goes beyond the stated deadline should be addressed immediately with the key decision makers at the client's office. Threats of lawsuits should be used only as a last resort; personal contact with a company's owner or principal may work much better.

Abstract: Alan B. Parmelee Streamlining the Accounts Payable Purchase Order Procedure and Approval Process 2000 Dr. Ronald L. Capasso MASchool Business Administration The purpose of this study was to develop a uniform method for purchasing materials and equipment for the Sea Isle City Public School District and to bring about a change in the organizational culture that would support those changes in procedure. The intern utilized open-ended action research and his problem solving skills to analyze the practices currently in use, to research statute and code and for conditions and limitations of public sector purchasing practices and to review other relevant purchasing manuals and procedures. Informal interviews were conducted among staff to gauge the level of their knowledge of purchasing requirements. As the research progressed, the intern changed the organizational culture of the district through a series of presentations and one-on-one interviews thereby sensitizing members of the staff to the reasons behind the changes in the procedure for purchasing goods and services -that of compliance with the law. The resulting procedure provided step-by-step instructions for district purchases which was consistent with purchasing guidelines mandated by the State of New Jersey. The willingness of the staff to change from a past practice that was not controlled attributed to a more efficient, cost-effective purchasing operation for the district.

Abstract: Abstract The law in Scotland differs in several important respects from that in England and Wales. Following two reports from the Scottish Law Commission, the law was codified by the Administration of Justice Act 1982. In particular, s 10 states: Subject to any agreement to the contrary, in assessing the amount of damages payable to the injured person in respect of personal injuries there shall not be taken into account so as to reduce that amount.

Abstract: Abstract Must a court, when enforcing a contract which by its terms is performable in a cur-23.01 rency other than the currency of the forum, give effect to the monetary laws of the country in which that currency is legal tender? For example, a plaintiff in a 1934 action before a US court had purchased prior to 1918 a life insurance policy payable in rubles. Is the insurer excused from paying on the policy because Russia has in the meantime issued a new currency without providing for a rate of exchange between the old and the new currency, thus making the old currency valueless? Recently, this issue has been much discussed in connection with the introduction of the Euro as a single currency for the Member States of the European Union that joined the third stage of the European Economic and Monetary Union and the establishment of fixed conversion rates between the replaced national currencies and the Euro.