Glossary

Infringement of competition law. Consists in a distributor selling at a price lower than the actual purchase price or cost price.

Statistical method for detecting risk Scoring consists of rating a company on the basis of a function combining several weighted ratios.

bond

When a company is formed, the share capital is constituted in cash or in kind by the owner(s) or partners. The amount of this capital may be changed at any time.

Keyword: delivery

There are a number of financing methods available to companies developing their international activities. Nevertheless, in the export and import fields, financing techniques exist at the various stages of the operation between dispatch and storage. The first technique is the customer deposit, which can be used to finance production. If a payment guarantee is required, special documentary credits can be used. A second method is to use bank pre-financing: cash credit, revolving export pre-financing credit or a global export credit.

The simplest and least expensive technique for dealing between buyer and seller, but which requires a high level of trust between the partners.

This is a system for ensuring that a company's practices comply with employment law and any changes to it

Valorisation of the HACCP and ISO method developed by the Australian Department of Agriculture, piloted by the SQF Institute in Lausanne. H.A.C.C.P. related keyword,"

Legal mechanism by which the beneficiary holds all rights to take action against the debtor. Subrogation may be conventional, if it is provided for in a contract, or legal, if it results from a specific law

This involves drawing up a set of specifications in agreement with the inspection company and the customer. A visit is then made to check that the criteria have been met.

A communication system for making international transfers by exchanging electronic data between the 9 500 member banks. The advantages of this system are that transfers are faster