|
|
Press
Chicago and Hong Kong, Nov. 19, 2008
Focusing on new ways to reduce lending risks, TransUnion today announced TrendInsight, a first of its kind solution in Hong Kong to help lenders anticipate and predict consumer spending and payment behaviors.
Through TransUnion's TrendInsight and its robust credit information and analytics, lenders have more predictive data to tailor offers to customers that best fit their attitudes and behaviors toward credit and debt payment. With TrendInsight, businesses can quickly react to a specific consumer event such as a new inquiry or tradeline. It also helps businesses to be more proactive by anticipating changes in patterns of activity for credit scores, increases in credit inquiries or credit utilization. The solution helps maximize return on investment in the collections arena with accurate contact information and delinquency data to help securing past-due payments.
"TransUnion's TrendInsight provides lenders with a new level of confidence in accessing and predicting payment risks based on consumer behaviors," said Lawrence Tsong, president of TransUnion's East Asia operations. "TrendInsight helps improve performance throughout the customer lifecycle to effectively mitigate risks, quickly locate customers, prioritize collections accounts, anticipate customer behavior and build loyalty with them."
TransUnion's TrendInsight can be implemented with its Portfolio Review to analyze debt portfolios by credit risk model score band. This helps to evaluate the risk presented by each customer in the portfolio at that point in time and determine the best appropriate actions.
About TransUnion
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs more than 3,600 employees in 25 countries on five continents.
http://www.transunion.com
|
|
|
|
The European Commission has put forward a proposal for a Regulation on credit rating agencies. This proposal is part of a package of proposals to deal with the financial crisis and adds to Commission's proposals on Solvency II, Capital Requirements Directive, Deposit Guarantee Schemes and accounting. The new rules are designed to ensure high quality credit ratings which are not tainted by the conflicts of interest which are inherent to the ratings business.
Question: Who will regulate the Regulators?
To read more click on the attachment.
|
|
|
Australian executives are expecting further economic turbulence in the New Year as credit market conditions, a volatile Australian dollar and inflationary pressures impact profit and investment prospects for 2009.
A full media release is attached and an overview of the outlook for the March quarter 2009 follows:
- Sales and profits expectations have dived further into negative territory, down 50 and 49 points respectively from the highs of the December quarter 2007
- Selling price expectations have climbed 17 points to an index of 79, the highest figure ever recorded by the survey
- Despite a three point rise on the December quarter 2008, the employment growth index remains in negative territory
- Capital investment expectations are up one point an index of minus five
For further information or to arrange an interview please contact Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
Dun & Bradstreet Australia has acquired Australia's leading credit decisioning business, Decision Intellect. The acquisition will further fuel Dun & Bradstreet's growth in the consumer credit reporting market while adding to its already dominant commercial credit services.
Decision Intellect provides credit decisioning tools and services to Australian credit providers, enhancing the ability of those organisations to make immediate and accurate credit decisions.
The company's unique market position is built on its capacity to ensure lenders have access to a multi-bureau environment. This is increasingly important for credit providers as the domestic economy and credit availability tightens, defaults rise and new credit reporting laws are considered which will require lenders to consider a broader range of data in an environment where consumers are demanding quicker response times.
The Dun & Bradstreet acquisition responds to these broader trends by providing it with the ability to ensure credit providers now have improved access to multi-bureau data in an automated environment. The introduction of comprehensive credit reporting will further strengthen this offer as credit providers will be seeking seamless access to, and analysis of, the newly available data.
Decision Intellect has historically focused its services on assisting customers with the decisioning tools of Australia's alternative credit bureau, Veda Advantage. Its founders were former Veda staff who left in 2004 to establish their own specialised consulting business.
However with the emergence of the D&B Consumer Bureau, Decision Intellect became increasingly involved in consulting to credit providers on best practice decisioning processes which they believed required access to the unique adverse data held by D&B. They also realised the need for more sophisticated decisioning products to fully benefit from the multi-bureau environment. This lead to the development of their Inteflow product suite.
Dun & Bradstreet CEO Christine Christian believes the acquisition reflects the changing nature of Australia's consumer credit market in which access to unique data and the ability to use it quickly is increasingly important for credit providers as they seek to ensure the free flow of credit in volatile times.
"The credit market has changed dramatically over the last twelve months. The days of easy credit and lots of it have disappeared to be replaced with credit rationing, higher costs and a lower risk tolerance", said Ms Christian.
"However we know the free flow of credit is critical to the economy and therefore credit providers need access to improved credit data with the ability to make decisions based on that data quickly. This acquisition ensures credit providers now have a greater ability to take advantage of a multi-bureau environment and maintain high quality credit decisions."
Decision Intellect CEO Vaughan Dixon believes the acquisition by Dun & Bradstreet is the perfect fit in a market which is becoming increasingly volatile and reliant on sophisticated credit decisioning tools.
"When we started our business the credit reporting and decisioning market was a very different place. There was one core data provider and a very benign credit market. However the environment has changed to one where there is an increasing need for new insight and a growing awareness of the benefits of a multi-bureau environment", said Mr Dixon.
"Dun & Bradstreet's acquisition of Decision Intellect is a unique demonstration that they have fundamentally changed the market and continue to drive its progress."
Decision Intellect will continue to operate under its own brand and provide customers with its full suite of products and services. It will also continue to be run by its founding principals. However the acquisition will mean customers will now have an improved ability to take advantage of the multi-bureau environment.
The acquisition is another step in Dun & Bradstreet's plans to double the size of its business over the next four years driven in large part by its Consumer Bureau and a changing credit market which is placing renewed emphasis on conducting more detailed credit analysis.
For further information please contact: Danielle Woods; D&B PR Manager Australia & New Zealand
(02) 8270 2926
About D&B
D&B is the world's leading provider of business-to-business credit, marketing and purchasing information and receivables management services. D&B manages the world's most valuable commercial database with information on more than 130 million companies.
Information is gathered in 193 countries, in 95 languages or dialects, covering 186 monetary currencies. The database is refreshed more than one million times daily as part of D&B's commitment to provide accurate, comprehensive information for its more than 150,000 customers.
The Australasian operations were bought out by the senior management group in August 2001. It was the first MBO of a wholly owned subsidiary in D&B's history worldwide.
Today Lazard Carnegie Wylie owns an approximate 90% stake in DBA and the local management team a 10% stake.
Strategies for future growth include developing DBA's commercial and consumer credit referencing business; expanding its receivables management outsourcing business; maintaining its lead in the development of unique credit and risk scoring products; and developing new products specifically tailored to the Australasian market. DBA currently employs over 500 people in Australia and New Zealand.
|
|
|
|
Sharma Showcases S&P’s Commitment to High Quality, Independent and Transparent Credit Ratings in Testimony to House Committee
Washington D.C. – October 22, 2008 – In testimony today before the United States House Committee on Oversight and Government Reform, Deven Sharma, President of Standard & Poor’s (“S&P”), detailed S&P’s commitment to increasing transparency and restoring investor confidence to the capital markets, the role of S&P’s ratings in evaluating creditworthiness, and lessons learned from recent market events.
To view the press release click on the attachment
To view a copy of Mr. Sharma’s testimony, visit http://www.standardandpoors.com.
|
|
|
20 October 2008 [Singapore] – Experian, the global information services company, has acquired a 40% minority stake in Singapore’s 30-year-old credit and business information bureau, DP Information Group (DP Info).
To read the entire press release click on the attachment.
|
|
|
LexisNexis® outlined its vision for the integration of ChoicePoint® as part of its transformation, following the recent completion of the $4.1 billion purchase of ChoicePoint by LexisNexis' parent company, Reed Elsevier.
The integration of ChoicePoint represents a major milestone in LexisNexis' transformation into the world's leading provider of innovative, customized content, analytic and workflow solutions for legal and risk professionals.
ChoicePoint, a provider of decision-making technology and information, will become part of the LexisNexis Risk & Information Analytics Group. The combination catapults LexisNexis to a leadership position in the rapidly-growing global risk information market, already estimated to be $15 billion. The newly integrated business unit will also offer significant benefits to legal customers. The public records offered by LexisNexis will also provide an unsurpassed resource for both corporate and private practice legal professionals.
In conjunction with the integration of LexisNexis announced Three Key Strategic Initiatives each developed and implemented in close collaboration with customers:
Deliver Tomorrow's Risk Information Analytics Solutions with the Addition of ChoicePoint.
Help Legal Professionals Achieve Excellence in the Practice and Business of Law.
Rapidly Expand in Key International Markets
To read the full story click on: http://www.lexisnexis.com/media/press-release.aspx?id=1081.asp
Source: LexisNexis
|
|
|
|
Outlook for December quarter 2008
- All indexes except selling prices remain in negative territory
- Selling price expectations have climbed 11 points to an index of 62, the highest figure
recorded since June 1988
- Sales and profits expectations continue to fall, down 42 and 43 points respectively from
the highs of the December quarter 2007
- Employment growth expectations are at the lowest point since June 1991
- Capital investment expectations are up one point an index of minus six
Tightening credit market: Seven in ten (69%) executives anticipate that a tightening credit market will have a negative impact on operations!
To read the full release click on the attachment.
For further information please contact:
Damian Karmelich – D&B Director of Corporate Affairs
P: 03 9828 3233 / 0407 772 548
|
|
|
CRIF, a worldwide leader in credit reporting, business information and decision support systems, announced it has named Larry Howell Chairman of the company’s International Advisory Board. In addition, CRIF announced that Mr. Howell will serve as Chairman of the Board for Teres Solutions, a top U.S.-provider of lending automation software to credit unions and financial institutions, which CRIF acquired in July 2008. In his new roles, Mr. Howell will help both organizations meet growing demand for their credit and lending solutions around the world.
To read the entire release please click on the attachment
|
|
|
TransUnion announced the appointment of Andrew Knight to president of its international operations. Knight takes the place of Ralph Sorice who retired following a 25-year career at TransUnion. Knight will report directly to Bobby Mehta, president and CEO of TransUnion.
Prior to his new role, Knight was group CEO of TransUnion's South Africa operations, growing it into one of the most successful operations in the company’s international portfolio. Knight joined TransUnion in 1994 as managing director of its credit bureau operations. Before that, he held several financial management positions throughout South Africa.
To read the full story click on the attachment!
|
|
|
NEW YORK, Sept. 17, 2008 – The New York Times Company and breakingviews.com, an online financial commentary publication, announced today that a breakingviews-branded opinion column will appear in all weekday editions of The New York Times and the International Herald Tribune beginning Sept. 23.
It will also appear online at NYTimes.com/business and IHT.com. The New York Times will be the exclusive U.S. newspaper to carry the column.
For further information contact:
For Breakingviews.com
United States: Rob Cox, +1 (646) 467 5532; rob.cox@breakingviews.com
Europe: Hugo Dixon, +44 20 7426 4518; hugo.dixon@breakingviews.com
|
|
|
Executives anticipate further economic challenges ahead
Australia’s business executives are anticipating a further decline in economic conditions in the December quarter as high fuel prices, continued inflationary pressures and a cut back in consumer spending hurt sales and profit margins.
A full media release is attached for your review and an overview of the outlook for the December quarter follows:
- All indexes except selling prices remain in negative territory
- Sales and profits growth expectations continue to fall, down 42 and 41 points respectively from the highs of the December quarter 2007
- Employment growth expectations are at the lowest point since June 1991
- Capital investment expectations are unchanged at an index of minus seven
- Selling price expectations have climbed six points to an index of 57
For further information or to organize a time to speak with Christine Christian, D&B’s CEO, please contact: Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
US MORTGAGE LOAN DELINQUENCY RATES RISE FOR THE SIXTH STRAIGHT QUARTER, UP NEARLY 9 PERCENT FROM THE PREVIOUS QUARTER
CHICAGO, Sept. 8/PRNewswire/ -- TransUnion.com released today the results of its analysis of trends in the mortgage industry for the second quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data to be released on TransUnion's Web site http://www.transunion.com/
To read the full text, please click on the attachment
|
|
|
A record of court actions against a company or its directors should be seen as an important indicator of likely business failure, according to new research by leading credit reporting agency Dun & Bradstreet (D&B).
D&B’s research, which reveals that a company is eleven times more likely to fail if it has a court action against it and eight times more likely to fail if one of its directors has a court action against them, comes as business failures data for first half of 2008 shows an eleven per cent increase on the same period in 2007.
A full media release is attached for your review and an overview of key findings follows:
- a business is 8.3 times more likely to fail when a director court action is present – the llikelihood of failure escalates to 11.1 times if the value of the court action is more than $10,000
- the risk of a business venture failing doubles for companies with a director who has been on the board of a previously failed company
- a company is eleven times more likely to fail if it has a court action against it - the likelihood of failure escalates to 15.2 times if the value of that court action is more than $5,000
For further information or to organize a time to speak with Christine Christian, D&B’s CEO, please contact Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
One year into the credit crunch, BIIA member Hugo Dixon, Chief Editor and Founder of Breakingviews.com wrote his commentary called 'A System run Amok'. The contents of this book has been made available to BIIA members and readers courtesy Breakingviews.com . We thank Hugo Dixon for this wonderful gift.
Preface
One year after the onset of the credit crisis, it has become clearer than ever that the financial system has run amok. The crisis has revealed how bankers have too often taken massive bets – normally with other people’s money – without paying adequate attention to the risks. When trouble hit, the regulators have rushed to the rescue, cutting interest rates and bailing out banks. Ordinary savers have lost out, taxpayers may end up footing the bill and the evil of inflation has been allowed to seep back into the global economy.
The old Marxist critique that, in capitalism, the profits are privatized and the losses are socialized is telling. The solution, however, is not to kill the financial system. Warts and all, the modern world of finance still does create value. But the other extreme – do nothing – isn’t the solution either. The answer is to remove as many warts as possible while still accepting there will be blemishes. This book – which contains articles written as the crisis unfolded – suggests a series of ways of doing just that.
Hugo Dixon
Editor-in-Chief
breakingviews.com
July 2008
CLICK ON THE LINK TO READ THE FULL STORY: : http://www.breakingviews.com/~/media/Files/ebooks/Asystemrunamok.ashx
|
|
|
|
Dun & Bradstreet’s latest Business Expectations Survey shows that economic conditions are expected to deteriorate further in the December quarter as continually escalating costs and poor sales results hurt the profits of Australian companies.
A full media release is attached for review and an overview of the outlook for the December 2008 quarter follows:
- All indexes except selling prices remain in negative territory
- Sales and profits growth expectations continue to fall, down 43 and 41 points respectively from the highs of the December quarter 2007
- Employment growth expectations are at the lowest point since June 1991
- Capital investment expectations are up one point to an index of minus six
- Selling price expectations have climbed four points to an index of 54
For further information contact:
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
The pressure on Australian businesses continues with payment terms at a seven year high and almost four weeks past the standard term.
The latest figures in Dun & Bradstreet's (D&B's) quarterly trade payment analysis reveal that payment terms across all industries are at 55.6 days, an increase of three days since the June 2007 quarter.
Private companies are now slower to pay than their public counterparts however the difference between the two groups has narrowed. Private companies averaged 60.9 days to settle accounts in the June quarter (double the standard term) while public companies took 58.0 days
Suppliers of big business are facing the greatest burden as those companies with 500+ employees continue to be the worst payers – they averaged 60.7 days to settle accounts in the June 2008 quarter
Electricity, Gas and Sanitary Services is slowest to pay at 58.7 days, following an increase of more than three days on the same period last year. Meanwhile the Agriculture sector continues to be quickest to pay and is the only industry to pay its bills in less than 50 days
At a state level NSW has been joined by Victoria in taking the longest time to pay bills. Tasmania continues to be the quickest paying state however its 3.5 day increase on last year has pushed it above the 50 day mark.
For further information contact:
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
AUSTIN, Texas and BOLOGNA, Italy – July 1, 2008 – CRIF, a worldwide leader in credit services, and Teres Solutions, Inc., one of the top three providers of direct and indirect lending software to credit unions and financial institutions, today announced that CRIF has acquired Teres Solutions. As part of the agreement, Teres Solutions will operate as a wholly-owned subsidiary of CRIF. Further terms of the agreement were not disclosed.
To read the full story click on the attached Press Release
For further information, visit http://www.crif.com/en/PressReleases/PressReleases/.chn
http://www.crif.com
|
|
|
TransUnion announced on June 25th the launch of Personal Loan Score, the industry's first credit scoring tool designed to help businesses reduce delinquency of unsecured loans for the Hong Kong market.
This scoring solution assists businesses in predicting future loan performance and assesses the value of a loan over the next 12 months. By providing innovative evaluation and insight into potential customers' credit scores, the Personal Loan Score can help Hong Kong's businesses make more informed and strategic decisions about attracting the right prospects. Using this score, businesses can manage their risk exposure with increased accuracy, which helps to drive revenue and decrease collection costs.
"A proven scoring system -- geared toward mitigating unsecured loan risk -- is a powerful tool for businesses to assess initial loan applications," said TransUnion's Lawrence Tsong, managing director. "We expect the Personal Loan Score to be the standard for credit risk assessment related to unsecured loans in the Hong Kong market."
TransUnion's Personal Loan Score is specifically tailored for Hong Kong, a market where the quantity of credit data continues to evolve. Now, businesses will be able to enhance modeling for customer acquisition and segmentation practices, which will add value to current operation procedures and business processes.
"Evaluation of consumer lending habits has been at the forefront of the industry, with businesses wanting the necessary tools to make strategic, profitable decisions throughout the customer lifecycle," said Tsong. "With TransUnion's Personal Loan Score, businesses will gain invaluable insight into the credit lifecycle, providing actionable results to minimize future delinquencies."
For further information contact Michael Lo at michaellohk@transunion.hk
About TransUnion
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion has employees in 25 countries on five continents.
http://www.transunion.com/
TransUnion is a member of BIIA
|
|
|
|
TransUnion.com Quarterly Credit Card Analysis Reveals That National Credit Card Debt and Loan Delinquencies Drop For First Time Since Beginning of 2007
Chicago, June 18, 2008 – TransUnion.com released today the results of its analysis of trends in the credit card lending industry for the first quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may be found on TransUnion’s Web site.
FOR DETAILS CLICK ON THE ATTACHMENT
|
|
|
Australia’s business executives are anticipating a bleak September quarter as high fuel prices, continued inflationary pressures and slowing consumer spending hurt sales and profit margins. D&B's latest Business Expectations Survey is attached for your review.
The following is a summary of the outlook for the September quarter:
- All indexes except selling prices have entered negative territory
- Sales and profits growth expectations have fallen sharply, down 33 and 29 points respectively from December quarter highs
- Employment growth expectations are at the lowest point since June 1991
- Capital investment expectations have dropped 11 points to an index of minus six
- Selling price expectations have climbed five points to an index of 50
If you require additional information contact Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
Economic conditions are expected to deteriorate with a rapid slowdown in activity in the September quarter as global turbulence and domestic inflationary pressures buffet Australian businesses. The latest Dun & Bradstreet (D&B) Business Expectations Survey is showing a steep decline in expectations for sales, profits, employment growth and capital investment, with all of these indexes now in negative territory.
A full media release is attached for your review and an overview of the outlook for the September quarter follows:
- All indexes except selling prices have moved to negative territory
- Expectations for sales and profits growth have fallen sharply, down 31 and 27 points respectively from December quarter highs
- Reaching the lowest point since the December quarter 1992 the outlook for employment growth is down 16 points
- The outlook for capital investment has dropped 11 points since the previous quarter to an overall index of minus five
- Expectations for selling prices have risen slightly but remain lower than four of the last five quarters
For additional information contact:
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
Veda Advantage data, released on May 6th, shows Australia’s overall demand for credit is slowing in the first quarter of calendar year 2008, with credit card and personal loan enquiries down 0.2% when compared to the same period last year. Personal loan enquiries were down by 2.3% compared year-on-year with 2007, while credit card enquiries rose by 1.5%. Further Veda Advantage analysis shows families are spending a significant amount of their income on debt repayments; with 1.3 million Australians spending more than half their gross household incomes on debt, and 1.8 million Australians spending more than 40% of their income on repayments. Thirty-one per cent of Australians live in households that spend 30% of their income on debt repayments. Analysis of data also reveals exposure to debt increases with income levels.
http://www.vedaadvantage.com
|
|
|
On April 22, 2008 Ms Vickie A. Tillman, Executive Vice President, Standard & Poor's Credit Rating Services testified before the Committee on Banking, Housing and Urban Affairs.
She provided an update on the 27 steps announced by S&P in February to further manage potential conflicts of interest, strengthen the ratings process, and better serve the markets.
To read the entire testimony, please click on the attachment.
Source: http://www.mcgraw-hill.com/
|
|
|
D&B Australia reports a dramatic jump in the number and value of corporate defaults:
- A twelve per cent jump in the number of debts referred for collection between January and December of 2007
- A 300% spike to more than A$26,000 in the value of debt referred in the Banking, Insurance and Finance sector
- A 23% jump in the number of low value debts referred for collection
"The increase in the value of debt being referred suggests that some businesses are facing significant cash flow difficulties", stated Ms Christian, Managing Director of D&B Australia
To read the full story please click on the attachment http://www.dnb.com.au
|
|
|
Veda Advantage study finds 75% of Australians worried about ability to repay bills and calls for broader credit reform to address Australia’s growing debt divide
New Veda Advantage research, released March 12th, 2008, suggests debt repayments continue to be a major cause of worry to Australians, despite a small decrease since the last survey – with 75% of Australians in debt worrying about their ability to make financial repayments over the next 12 months. For further details contact: http://www.vedaadvantage.com
|
|
|
The latest Dun & Bradstreet Business Expectations Survey is showing early signs of success in the fight against inflation. A full media release is attached. Here are the key findings:
Outlook for June quarter 2008
- Expectations for selling prices are down five points on last months survey
- The outlook for capital investment remains weak with the overall index at 2 per cent
- Expectations for sales and profits growth have fallen, sales are down five points and profits have dropped 12 points from December quarter highs
- The outlook for employment growth has returned to negative territory
Issues expected to influence operations in the June quarter 2008
- Concerns regarding interest rates remain unchanged since the previous survey. Thirty nine per cent of executives expect interest rates to be the most important influence on their business in the quarter ahead
- Wages growth concerns have overtaken fuel prices, with twenty seven per cent of executives expecting wages growth to be the most important influence on their business in the quarter ahead. An increase of 14 per cent since December, this index has reached its highest level in eight months
- Twenty six per cent of executives expect fuel prices to be the most significant influence on operations in the coming quarter, down 5 per cent on the previous survey
For further information or to arrange an interview with D&B CEO, Christine Christian or economic consultant, Dr Duncan Ironmonger please contact me on 02 8270 2926 / 0417 270 130.
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
ICRA Management Consulting Services Limited (IMaCS), a wholly owned subsidiary of ICRA Limited, and D&B Philippines (D&BP) have signed a MOU to offer advisory / consulting services in the Philippines.
The tie-up will enable both parties to pool their expertise and jointly offer advisory / consulting services to banks, corporations, government agencies, investors, and multi-lateral agencies. IMaCS and D&BP bring complimentary strength to the relationship, with D&BP having in-depth knowledge of the Philippines, and IMaCS considerable knowledge of multiple domains and practice areas. Source: BIIA
http://www.imacsindia.com/
http://www.dnb.ph
|
|
|
|
Dun & Bradstreet has acquired a stake in FCS OnLine bringing together two of Australia’s most powerful identity verification and credit reporting databases.
The move provides both Dun & Bradstreet and FCS OnLine customers with the ability to credit check and confirm consumer identities, in line with the Federal Government’s new Anti-Money Laundering laws, in one transaction.
To read the full story please click on the attachment
www.d&b.com.au
|
|
|
Inflationary pressure persists and interest rate and petrol price concerns continue to increase according to figures from the latest Dun & Bradstreet (D&B) Business Expectations survey.
A full media release is attached for your review and a summary of key findings follows:
expectations for selling prices have increased, with 62 per cent of firms anticipating their prices will be higher in the June quarter than a year earlier
expectations for sales and profits growth have fallen, 36 and 33 per cent of executives respectively expect increases in these indexes
thirty nine per cent of executives expect interest rates to be the most important influence on their business in the quarter ahead, an increase of 13% per cent since the previous survey
executive concerns regarding the credit market remain high, with 60 per cent expecting a tightening market will have a negative impact on operations
thirty one per cent of executives expect fuel prices to be the most significant influence on operations in the coming quarter, up 4 per cent since the previous survey.
For further information or to organise a time to speak with Christine Christian, D&B's CEO, contact Danielle Woods on 02 8270 2926 / 0417 270 130.
http://www.dnb.com.au
|
|
|
The BIIA Credit Management & Information Forum 2008 took place on January 23rd 2008 at the Marriott Hotel in Hong Kong. It was a great success and BIIA gives credit to the over 70 attendees representing the user community (credit management with 26% of attendees), members of government institutions (8%), academia (8%) and information executives and professionals (58%).
BIIA thanks its sponsors: Atradius Credit Insurance, D&B Asia Pacific, TransUnion, D&B Australasia and Outsell Inc. The following organizations supported the Forum 2008 by providing speakers and access to their mailing lists and website: ICISA, IFC (World Bank Group), Global Trade Review and FCIB China.
Participants discussed a variety of issues concerning a new world of risk caused by the credit crunch. Dr. Hans Belcsak, President of Rundt Associates (country risk specialists) stated that the financial services sector is still hemorrhaging, with losses of unknown magnitude still in the pipeline. This has created a crisis of confidence and is starting to bite into the trade credit sector in the US.
John Rumpler, Group General Manager, Credit & Surety; QBE Insurance (Australia) Limited and President of the International Credit Insurance and Surety Association led a panel of experts to discuss the effects of the current credit crunch on the trade credit and the implications on information services: “Businesses experiencing an increase in payment delays and bankruptcies are on the rise. The crisis has not quite reached Asian markets, but it will eventually. It will become more difficult to collect trade receivables; export credit insurers will experience a rise in claim volume. For the trade credit and credit information industry, and credit managers, the credit crunch is an opportunity to engage governments and regulators in improving credit information, transparency and disclosure, to support risk assessment. However, let’s not forget that it will be a challenge in itself and more so we will all be facing challenges as the fall out starts to really develop.”
BIIA will provide excerpts of presentations and discussions in its monthly newsletters.
Presentations have been posted on the ‘Industry Library’ section of http://www.biia.com = http://www.biia.com/library.php#167
|
|
|
|
Dun & Bradstreet's latest Business Expectations Survey will be released tomorrow and it shows that the New Year looks set to challenge Australian businesses. The key survey findings are below and a full media release is attached for your review.
Key Findings:
Twenty six per cent of executives expect interest rates to be the most important influence on their business in the quarter ahead
Executive concerns regarding the credit market have increased, with 63 per cent expecting a tightening market will have a negative impact on operations
Twenty seven per cent of executives expect fuel prices to be the most significant influence on operations in the coming quarter
Expectations for selling prices remain high, with 59 per cent of firms anticipating prices to be higher in the March quarter than a year earlier
Expectations for sales and profits growth have fallen for the first time in four quarters
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
October 2007
Corporate Governance and Related Credit Issues for Indian Family-Controlled Companies
Summary opinion
Family-controlled firms often have specific characteristics. Their strengths can include a long-term management perspective and a cautious approach to risk to avoid destroying family wealth – as well as an ability to act quickly. However, family control can also raise specific corporate governance concerns in areas including adaptability, leadership transition, checks and balances and transparency.
Family companies dominate India’s corporate landscape. Moody’s and ICRA have surveyed certain corporate governance practices of 32 Indian companies in 16 prominent family groups, covering a broad cross-section of Indian industry.
These companies have responded well to the opportunities available in the fast-growing and liberalizing economy of modern India. However, the lack of a meaningful “control group” of non-family controlled companies means that the survey has not been able to draw conclusions on how the family controlled-business model in India compares against one based on more widespread share ownership.
Although Indian corporate governance practices continue to improve, this largely reflects regulation of listed companies, particularly with regard to certain “checks and balances”. These include the composition of the board of directors and the operations of audit committees. Although there are material residual issues regarding checks and balances, these are generic to corporate India and not isolated to family companies – for example, the lack of activist shareholders and a business and cultural environment that does not permit hostile mergers and acquisitions.
ICRA Contacts:
Mumbai 91.22.3047.0006
Anjan Ghosh, General Manager
Gurgaon 91.124.4545.370
Naresh Takkar, Managing Director
http://www.icra.in/aspx/Corporate-Governance.pdf
|
|
|
|
The latest D&B National Business Expectations Survey shows…
Outlook for March quarter 2008
- Sales and profits growth expectations have fallen for the first time in four quarters
- The outlook for employment growth has returned to positive territory following negative
expectations for the December quarter
- The capital investment outlook is just inside positive territory
- Expectations for selling prices remain high – 60 per cent of firms expect selling prices to
be higher in the March 2008 quarter than a year earlier
Interest Rates
- Interest rate concerns remain high with 25 per cent of executives expecting rates to be
the most important influence on their business in the quarter ahead
Tightening Credit Market
- Executive concerns regarding the tightening credit market remain unchanged, with 57
per cent expecting it will have a negative impact on operations
Pre-Christmas Spending
- Pre-Christmas spending is expected to have a greater positive impact than in 2006, with
19 per cent expecting a small positive impact – this compares to an expected 8 per cent
positive impact in 2006
Petrol Prices
- Recent movements in petrol prices have had a negative impact on 64% of businesses
- Nineteen per cent of executives expect fuel prices to be the most significant influence
on operations in the coming quarter
Actual for September quarter 2007
Growth in sales was the highest in three and a half years
Profits growth entered positive territory after six negative quarters
Despite being four points below expectations, capital investment growth was positive
Employment growth returned to positive territory after one negative quarter
Selling price rises were four points below expectations
For further information click on the attachment or contact:
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
Veda Advantage is calling on the Federal Government to broaden the credit reporting regime which is currently under review by the Australian Law Reform Commission, so that borrowers and lenders can have access to the best information, including current amount owed and payment history.
This latest research follows a Veda Advantage study last month that revealed that four in five Australians in debt now worry about their ability to make repayments over the next 12 months, and that close to 2 million Australians admit finding it difficult to make credit repayments.
Erica Hughes, Veda Advantage General Manager of Information, Services and Solutions said Veda Advantage is concerned about the credit cycle over the coming year; “Veda data reveals that defaults have significantly increased in the past 12 months. We are concerned that families and individuals who are experiencing financial hardship may have overcommitted by misrepresenting their financial position on their credit application.
“Privacy laws prevent lenders seeing how much a borrower currently owes. With our study also showing four out of five families are worried about their ability to make payments over the next 12 months, we are concerned that lenders are not getting the best credit information that would allow them to see when a borrower is overcommitted.”
“As Australia enters a tightening credit cycle, lenders need access to the best information in order to manage credit risk and help protect potential borrowers. We are calling on the Government to change the law as a matter of urgency,” she said.
Veda Advantage’s research looked at Australians’ attitudes and behaviour towards credit management. More than 1000 individuals over the age of 18 years were interviewed across all demographics, age and regions of Australia.
TO READ THE FULL STORY CLICK ON THE ATTACHMENT OR CONTACT http://www.vedaadvantage.com
|
|
|
According to a latest report by D&B, Australian consumers are getting into more trouble with debt than ever before with young people in particular experiencing debt stress.
The full media release can be read by clicking on the attachment below. The key findings are as follows:
More than half of all debtors are younger than 35
Many consumers are defaulting on low-value (less than $500) amounts of debt
Aussie males are more likely to default on credit promises than women
Men are less likely than their female counterparts to repay their debt
State of Victoria consumers account for the highest proportion of debt referred for collection (40%); NSW follows with just under 30%.
For additional information contact:
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
Almost ten per cent of Australian companies are rated a very high risk of experiencing financial distress or insolvency in the next twelve months, according to research released today by leading credit reporting and collections agency Dun & Bradstreet (D&B).
To read the full story please click on the attachment.
For further information please contact:
Danielle Woods
PR Manager
D&B Australia
W: +61 (0)2 8270 2926
|
|
|
Credit crunch impacts pre-Christmas credit plans
Low-income and young Australians feel the credit squeeze
To read the full story click on the attachment
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
The outlook for the New Year is set to be influenced by key decisions this month, with the impact of interest rates and the outcome of the Federal election the central concerns of business executives for the quarter ahead.
For full media release iplease click on the attachement.
The following is an overview of key findings follows:
Outlook for March quarter 2008:
Sales and profits growth expectations have fallen for the first time in four quarters
The outlook for employment growth has returned to positive territory following negative expectations for the December quarter
The capital investment outlook is negative for the first time in four quarters
Expectations for selling prices have dropped 5 per cent but remain high, with 59 per cent of firms expecting prices to be higher in the March 2008 quarter than a year earlier
Tightening Credit Market
Fifty seven per cent of executives expect the tightening credit market will have a negative impact on their business
Interest Rates
Twenty nine per cent of executives consider interest rates to be the most important influence on their business in the quarter ahead
Election Outcome
Twenty nine per cent of executives expect the outcome of the election to be the most important influence on their business in the quarter ahead
For further informaton please contact: Danielle Woods | PR Manager Australia & New Zealand
woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
BIIA HAS INVITED A NUMBER OF HIGH LEVEL CREDIT AND INFORMATION SPECIALISTS FOR ITS 2008 CREDIT INFORMATION AND INFORMATION FORUM
The purpose of the BIIA CREDIT MANAGEMENT AND INFORMATION FORUM 2008 is to inform users of business information, regulators, government officials, public sector information institutions and members of academia, of current economic trends and risk factors which impact cross border trade finance and open trade credit transactions. Discuss the implications of increased risk on information and inform users of developments concerning information availability and reliability in emerging markets.
The Sub-prime Mortgage crisis may well serve as a stark reminder that working with imperfect information contains substantial risk. This unfortunate episode is far from over and if the fragility persists, the more the credit crunch will move beyond sub-prime loans, it will mean sharply increased credit charges, slashed borrowing limits, difficulties for small and medium-sized companies to maintain their bank credit lines. Hence there is a need to discuss new challenges for credit management and new demands on information.
BIIA invites credit experts and intensive users of credit information: experts in trade finance, export credit insurance and trade credit and information experts responsible for credit information and credit rating services. There will be a special session on China. BIIA has invited government officials responsible for economic development, the credit infrastructure and public sector information to speak at the BIIA Forum.
The BIIA Forum is a User Oriented Neutral Forum. It is international in nature and the conference language is English. BIIA has conducted two Forums since its foundation in 2005.
For conference details please click on the attachment.
To learn more about BIIA please visit http://www.biia.com. For conference details contact: Joachim C. Bartels ieijcb@attglobal.net
Business Information Industry Association Asia Pacific - Middle East Ltd. 1101 Wilson House, 19-27 Wyndham Street, Central, Hong Kong Telephone: +85225256120; Fax: +85225256171; E-mail: info@biia.com; http://www.biia.com
|
|
|
Dun & Bradstreet’s latest Business Expectations Survey shows that the outlook for the quarter ahead is negatively affected by signs of inflationary pressure and concerns regarding interest rate rises.
A full media release is attached.
The outlook for December quarter 2007 can be summarized as follows:
Sales growth expectations have surged to the highest level in almost three years
Profits growth expectations are the best in more than two years
The outlook for capital investment and employment growth is weaker than the previous quarter
Expectations for selling prices are up 4% from the previous quarter. 62% of firms expect their prices to be higher than in the December 2006 quarter, while 4% expect them to be lower
Interest Rates
Thirty nine per cent of executives now consider interest rates to be the most important influence on their business in the quarter ahead
This is an increase of 24% since June, to the highest level of concern since December 2005
For additional information contact:
Danielle Woods | PR Manager Australia & New Zealand
Dun & Bradstreet Australia | Level 16, 383 Kent Street, Sydney NSW 2000 |
t +61 2 8270 2926| m +61 417 270 130 | e woodsd@dnb.com.au | w http://www.dnb.com.au
|
|
|
Enhancing the depth and quality of credit reporting information for millions of credit active consumers in Hong Kong, TransUnion today announced the new analytical tool bureau credit characteristics, which will help Hong Kong financial institutions and businesses in determining credit risk. The use of credit characteristics is the next analytical step for financial institutions to further maximize the benefits of both positive and negative credit information for effective portfolio management.
To read the full story click on the attachment.
http://www.transunion.com
|
|
|
|
