About Trade Credit
If you are a business owner, management executive, credit controller or involved in accounts receivables in one manner or another in Singapore, it is likely that you would had read one or both of these articles at some point in the past months. It speaks of changes in payment trends by companies in Singapore and also makes mention of the payment behaviour of certain industry/sectors. The data may be reflective of changes in a quarter from Q4 2013 to Q1 2014 and perhaps not account for or indicative of much. However, it is an indication that that payment days do matter to businesses and it does changes. It is also fluid as well as sometimes reflective of business environment. Being good at times and deteriorates at others. It is also a reminder that regular and consistent repayments of trade debts should not be taken for granted. The number of Payment Days may be referred to as the duration it takes for a company having been granted credit on their trade purchases to makes payments
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