This publication of Part One marks the launch of a new concept in business books, created by Ron Wells. The book features action; there are real life questions for the credit team to deal with. You are able to 'listen in' as the team solves day to day problems in practical ways and discusses general issues as they add value constructively.
All the while the reader is drawn into an historical fiction that is interwoven with the day to day challenges of the credit risk management team. There are interesting twists and turns, characters are developed, fascinating places are visited, and little known facts emerge. It is a light novel packed with humour and sure to spike your curiosity.
Credit Risk Management - The Novel is written especially for anyone who loves to immerse in a good story and is bored reading business books full of jargon, misleading accounting standards, theory, formulae, worthless three variable mathematical models and acronyms; like CVA, PD, EAD, PFE, CDO, CLO, CDS, standard deviation, etc, etc.
This is the first narrative non-fiction novel to feature the true to life experiences of a team of professionals managing business to business credit risk, day to day. There are case studies galore that you will hardly notice but will remember, and no doubt apply when appropriate.
About the Author
"Under the umbrella of BarrettWells Credit Resources (www.barrettwells.co.uk and www.barrettwells.com), Ron Wells has gathered materials that explore credit management, payment security instruments, credit scoring and other related topics. His sites also provide a detailed listing of online tools and resources concerning business credit issues as well as information about the Global Management Credit Group (GCMG), a 'virtual organization...dedicated to liberating the power of credit.' 'I have been in the credit field virtually my entire working life, ' Ron noted, and with aptly earned wisdom, he concluded, 'It is only by adding value that credit can earn a seat at the table when it comes to developing strategy and solving deal structure challenges. Ironically, it is only by having a seat at the table early in the deal or business development process that credit can most effectively add value, so marketing our services internally is a vital ingredient in our daily work.' Ron has taken what he has learned over the years and has created vehicles--from websites and published articles to lectures, workshops and beyond--to spread the word. His well-received book Global Credit Management--An Executive Summary was originally published by John Wiley & Sons in December 2003. It has since been translated into Chinese (simplified characters) for a new generation of credit professionals eager for a knowledge-based resource. Ron's speaking engagements have included several presentations for FCIB, including 'Practical Country Risk and Bank Risk Management, ' 'The Role of the International Credit Manager' and 'Generic International Trade Credit ScoreCard.' In addition to his milestone CCE (Certified Credit Executive) designation, Ron also holds the Chartered Global Management Accountant (CGMA ACMA), qualified International Banker (ACIB) and Chartered Corporate Secretary (FCIS) designations." [Extracted from an article by Laura Redcay, NACM editorial staff and publications manager published in Business Credit magazine.]