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  • Managing Risk of Trade Credits Default in Russian Export - Oriented Industrial Enterprises (the Metallurgy Case)

Educational Programme
Final Grade
Year of Graduation
Victoria Aksenova
Managing Risk of Trade Credits Default in Russian Export - Oriented Industrial Enterprises (the Metallurgy Case)
(Bachelor’s programme)
Global commodity producers are faced huge credit risk while operating with foreign

counterparties on deferred payment terms. In anticipation of a new financial crisis, companies

need to learn how to manage this risk.

Previously used methods of assessing the solvency of customers have shown their

inexpedience. In addition, new ways of managing risk are emerging. The most popular are trade

insurance, payment guarantees, factoring and forfeiting schemes that shift the risks to a third

party. This paper describes highlights examples of best practice in the areas of the assessment

and management of credit risk for industrial enterprise.

The main purpose of this work is to develop a strategy selection model for minimizing

credit risks. The primary tasks of the work are: to analyze the current quality of accounts

receivable's management; to assess the solvency of customers on the basis of scoring model

which is adapted for industrial enterprises; to select tools to minimize credit risk in the given


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