Stages of the credit process and the corresponding survey questions
| Stage of the credit process | Survey question | Respondent's reply |
|---|---|---|
| Organization of the management of accounts receivable | In order to manage their accounts receivable, the business | consults external lawyers |
| relies on in-house lawyers | ||
| handles contracts and debts on their own | ||
| accepts the contract terms imposed by the counterparty | ||
| Assessment of counterparty risk | At the contract stage, do you check your potential counterparty's financial standing? | they do not check the financial standing of a potential counterparty |
| they examine the financial statements in the National Court Register | ||
| they check whether the counterparty is listed in the National Debt Register | ||
| they verify the counterparty with a mercantile agency | ||
| they verify the counterparty with a credit bureau | ||
| they employ other measures | ||
| Determining payment terms for the counterparty | Do you have the contracts you sign read by a lawyer? | yes |
| no | ||
| Determining payment terms for the counterparty (security) | Do the contracts you sign have debt security? | yes |
| no | ||
| Decision-making | Do you choose your counterparties carefully or is the contract concluded because the market shows it is wise to do so? | careful choice |
| market choice | ||
| Collection of overdue amounts receivable | Whenever an amount becomes overdue, does the entrepreneur | go to court to claim it? |
| resort to mediation? | ||
| resort to a conciliatory procedure? | ||
| resort to arbitration? |
| Stage of the credit process | Survey question | Respondent's reply |
|---|---|---|
| Organization of the management of accounts receivable | In order to manage their accounts receivable, the business | consults external lawyers |
| relies on in-house lawyers | ||
| handles contracts and debts on their own | ||
| accepts the contract terms imposed by the counterparty | ||
| Assessment of counterparty risk | At the contract stage, do you check your potential counterparty's financial standing? | they do not check the financial standing of a potential counterparty |
| they examine the financial statements in the National Court Register | ||
| they check whether the counterparty is listed in the National Debt Register | ||
| they verify the counterparty with a mercantile agency | ||
| they verify the counterparty with a credit bureau | ||
| they employ other measures | ||
| Determining payment terms for the counterparty | Do you have the contracts you sign read by a lawyer? | yes |
| no | ||
| Determining payment terms for the counterparty (security) | Do the contracts you sign have debt security? | yes |
| no | ||
| Decision-making | Do you choose your counterparties carefully or is the contract concluded because the market shows it is wise to do so? | careful choice |
| market choice | ||
| Collection of overdue amounts receivable | Whenever an amount becomes overdue, does the entrepreneur | go to court to claim it? |
| resort to mediation? | ||
| resort to a conciliatory procedure? | ||
| resort to arbitration? |
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