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The Malta Association of Credit Management (MACM) was set up
in June 2001 following a number of bankruptcies in the
retail sector, a slowing down of payments by customers in
all areas of the economy, and a large number of dishonoured
cheques being faced by manufacturers, wholesalers,
distributors and retailers in the Maltese business arena.
MACM is a legal entity by its own Statute, is a
members-owned, a not-for-profit organisation, and is made up
of Maltese organisations coming from different sectors of
the Maltese economy, all selling to the local market on
credit.
Today, MACM represents a substantial share of the economy
with its Members’ total annual turnover amounting to
€1,400,000,000.
The Mission of MACM is achieved by a number of actions,
including:
- fostering and facilitating of the exchange of credit
information - encouraging efficient service in the
collection of amounts due, - disseminating useful and
instructive articles and ideas with respect to credit
management techniques, - promoting economy and efficiency in
the handling of estates of insolvent, distressed or bankrupt
debtors and - promoting, supporting or opposing any
legislative or other measures which effect the aforesaid
interests represented in these and other developments.
In a meeting held in Oslo, Norway, on the 16 May 2003,
MACM has applied for membership with FECMA – Federation of
European Credit Management Associations, which request was
approved unanimously by all the twelve national association
members at the time. |