Black Friday and Chartered Institute of Credit Management: Difference between pages

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imported>Doug Williamson
(Create page. Sources: The Treasurer Deals Edition 2019 p6, Wikipedia https://en.wikipedia.org/wiki/Friday_the_13th_mini-crash, PwC https://www.pwc.co.uk/industries/retail-consumer/insights/black-friday-cyber-monday.html)
 
imported>Doug Williamson
(Update following merger of BEIS within DBT.)
 
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1. ''Financial markets.''
(CICM).


In financial markets, Black Friday means Friday 13 October 1989, a mini-crash in stock markets which was followed by a crash in high-yield ('junk') bond markets.
The Chartered Institute of Credit Management is a UK-based professional association for the credit community.


It represents the profession across trade, consumer and international credit, and all credit-related services.


2. ''Retail.''


In retail, Black Friday is the day following Thanksgiving Day in the US in November, on which many market participants discount retail prices.
The CICM is a member of the Federation of European Credit Management Associations (FECMA) and works in association with the International Credit and Trade Finance Association (ICTF).


''The CICM was formerly the administrator of the UK's voluntary Prompt Payment Code, on behalf of the former Department for Business, Energy and Industrial Strategy (BEIS).  This work is now the responsibility of the Small Business Commissioner's office.''


== See also ==
 
*[[Big Bang]]
==See also==
*[[Black Monday]]
* [[Credit]]
*[[Black Wednesday]]
* [[Department for Business and Trade]] (DBT)
*[[Cliff edge]]
* [[Department for Business, Energy and Industrial Strategy]] (BEIS)
*[[Crash]]
* [[FECMA]]
*[[Global Financial Crisis]]
* [[ICTF]]
*[[High-yield bond]]
* [[Prompt Payment Code]]
*[[Wall Street Crash]]
* [[Small Business Commissioner]]
* [[Trade finance]]


[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Liquidity_management]]

Latest revision as of 18:37, 16 February 2023

(CICM).

The Chartered Institute of Credit Management is a UK-based professional association for the credit community.

It represents the profession across trade, consumer and international credit, and all credit-related services.


The CICM is a member of the Federation of European Credit Management Associations (FECMA) and works in association with the International Credit and Trade Finance Association (ICTF).

The CICM was formerly the administrator of the UK's voluntary Prompt Payment Code, on behalf of the former Department for Business, Energy and Industrial Strategy (BEIS). This work is now the responsibility of the Small Business Commissioner's office.


See also