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Press Release - MACM Director General addresses the Irish Credit Community

Josef Busuttil, Director General of the Malta Association Of Credit Management, and President of the Federation of European Credit Management Associations, delivered a motivational speech at the Irish Credit Team Award held in Dublin (October 2019)

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Payment Collection Period in Malta

The Average DSO – Days Sales Outstanding or as also referred to ‘the payment collection ratio’ across all the Maltese business sectors as at 31 December 2017 was 82.30 days. (March 2018)

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Press Release: LATE PAYMENT INTEREST RATE in B2B Transactions

The Malta Association of Credit Management (MACM) informs the Maltese business community that the applicable legal interest rate in the event of late payment in commercial transactions in force on 1st January 2018 is 8.00% (January 2018)

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FECMA PRESS RELEASE - New on-line System

The European Commission launches a new online tool to exchange information on companies registered in the EU. Attached please find full details and link to the New System. (June 2017)

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Payment Collection Period in Malta

The Average DSO – Days Sales Outstanding or as also referred to ‘the payment collection ratio’ across all the Maltese business sectors as at 31 December 2016 was 89.04 days. (March 2017)

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PRESS RELEASE: Late Payment Rate of Interest

The Malta Association of Credit Management (MACM) informs the Maltese business community that the applicable legal interest rate in the event of late payment in commercial transactions in force on 1st January 2017 is 8.00%. Attached please find full Press Release (January 2017)

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PRESS RELEASE - European Account Preservation Order (EAPO)

The main provisions of the EU Regulation 655/2014 which came into force on 17 July 2014 apply from 18 January 2017. This EU Regulation establishes a European Account Preservation Order (EAPO) procedure to facilitate cross-border debt recovery in civil and commercial matters. The EAPO procedure allows for a single order to be made in the courts of one Member State which would be capable of 'freezing' any bank account of a debtor in any other Member State. It thus makes it less cumbersome, lengthy and costly for a creditor to obtain provisional measures to preserve assets in bank accounts of their debtor/s located in another EU Member State. Attached please find Full Press Release. (January 2017)

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PRESS RELEASE: Josef Busuttil elected President of FECMA

Josef Busuttil, Director General of MACM, elected President of FECMA. Attached please find content of the Press Release. (November 2016)

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PRESS RELEASE: Change in Interest Rate for Late Payments In B2B Transactions

The Malta Association of Credit Management (MACM) informs the Maltese business community that the applicable legal interest rate in the event of late payment in commercial transactions in force on 1st July 2016 is 8.00% (July 2016)

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Press Release - MACM at the 5th World Credit Congress

Josef Busuttil, director general of the Malta Association of Credit Management (MACM), participated in the 5th World Credit Congress, which was held between the 8th and 10th June 2016 at the Marriott Hotel in Bucharest, Romania. During his one hour presentation, Josef Busuttil argued that in today’s commercial world, competition is increasing and suggested that the credit function has become a people’s function and its role has become that to assist sales. Companies are deploying the credit function to gain and sustain competitive advantage in the market. (June 2016)

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PRESS RELEASE - MACM at the 4th World Credit Congress

Josef Busuttil, director general of the Malta Association of Credit Management (MACM), participated in the 4th World Credit Congress, which was held between the 14th and 16th May 2013 at Indaba Hotel & Conference Centre in Johannesburg, South Africa. During his one hour presentation, Josef Busuttil suggested that in view of the current World economic and financial strains, the credit management function should be involved to gain and sustain competitive advantage in the market. (May 2013)

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PRESS RELEASE - Malta Association of Credit Management Nov 2012

MACM at the FENCA World Collection Congress in Madrid and Josef Busuttil re-elected Vice President of FECMA for a further period of two years. (November 2012)

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PRESS RELEASE - New FECMA Officials

Josef Busuttil, Director General of MACM - Malta Association of Credit Management, has been re-elected Vice President of FECMA (Federation of European Credit Management Associations) in a meeting held in Paris, France, on Friday, 19th November 2010. MACM joined FECMA in May 2003 and Josef Busuttil has held the role of Vice President since 2004. (November 2010)

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MACM at the largest UK Credit Industry Conference

The Malta Association of Credit Management (MACM) has participated in the largest UK Credit Industry Conference. Please find attached a news release for your attention. (October 2010)

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Press Release - FECMA

FECMA – Federation of European Credit Management Associations has issued a Press Release to be published in all Business Press across Europe regarding the negative impact of Abridged Accounts and Audit Thresholds in view of the current economic and financial turmoil. MACM – Malta Association of Credit Management is member of FECMA Please find attached a news release. For favour of publication. (March 2010)

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MACM at the 2nd World Credit Congress

Josef Busuttil, director general of the Malta Association of Credit Management (MACM), participated in the 2nd World Credit Congress, which was held on the 24th and 25th November 2009 at The Burlington Hotel, Dublin. During his one hour presentation, Josef Busuttil suggested that the credit management function should contribute to gain and sustain competitive advantage in the market. Josef Busuttil said that following the recent credit crisis, the role of the credit practitioners should be enhanced. The credit people should be more involved in the strategic decisions taken by the management team, as they are the ones who are responsible for sound cash flow - the lifeblood of business organisations. (November 2009)

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Press Release - News From Graydon

News from Graydon Attached please find information about new services offered by Graydon, a World leading provider of Credit Rating Reports. MACM is the authorised distributor of Graydon International in Malta. (October 2009)

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Press Release - MACM Students & Educatation Programme

The Council of MACM is proud to note that MACM students who sat for the Institute of Credit Management (UK) examinations last June 2009, have achieved a success rate of 90%, with a number of local students awarded Distinction grades and other three prize winners for achieving the best result in three different modules. (September 2009)

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Press Release - HSBC & MACM Focuses on International Trade, Risk Mitigation & Financing

Undoubtedly, during these turbulent times, local exporters and importers are being faced with formidable challenges in obtaining or effecting payment from / to overseas. In view of its widely acclaimed international network and vast acquired expertise, HSBC is ideally placed to give invaluable assistance in this field. In fact this is an integral part of HSBC’s ‘Leading International Business’ strategy, whereby the bank is highlighting its competitive advantage derived from its unique worldwi (August 2009)

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New Council and Officials for the Malta Association of Credit Management

Following the Annual General Meeting of MACM, the new council elected the new officials to manage the Malta Association of Credit Management for the coming two years (2009 – 2011). (July 2009)

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Press Release - The Mexican Credit Congress

Josef Busuttil, Director General of the Malta Association of Credit Management, delivered a 90 minutes presentation during the Mexican Credit Congress held in Mexico City on Friday, 10th July 2009. (July 2009)

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Press Release - eie - MACM: a new Partnership

The Malta Association of Credit Management (MACM) has recently been appointed official MBA Corporate Partner of the European Institute of Education (eie) within the IUKB MBA programme. (March 2009)

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MACM Press Release - Revamped Website January 2009

In view of the economic and commercial turmoil that the business community has experienced during the year 2008, the Malta Association of Credit Management (MACM) has been proactive by improving its services and systems provided to its members. All enhancements were made upon the suggestions of the members themselves in order to ensure high quality standard and to meet the various demands of the Maltese creditors. Keeping in mind the importance of sound profit and efficient cash flow management, the revamped website features a wide variety of content and introduces new interactive and unique tools for the MACM users. (January 2009)

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Enhanced web site - Jan 09

MACM Web Services at a Glance (January 2009)

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Signed Agreement between MACM and Graydon International

The Council of the Malta Association of Credit Management (MACM) is pleased to inform its Members and the Maltese business community that an agreement has been signed between MACM and Graydon International. (December 2008)

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FECMA OFFICIALS – Federation of European Credit Management Associations

Josef Busuttil, Director General of the Malta Association of Credit Management, has been re-elected Vice President of FECMA (Federation of European Credit Management Associations) in a meeting held in Cologne, Germany, on Friday, 23rd October 2008. (October 2008)

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Speech by Hon Tonio Fenech - MACM & COA Conference

MINISTER TONIO FENECH CALLS FOR RESPONSIBILITY AS RESPONSE TO CRISIS IN FINANCIAL MARKETS (September 2008)

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Department of Information - No 1513 Press Release

“Biex nirnexxu fin-negozju rridu nieħdu ħsieb il-cash flow tagħna u noqodu attenti mid-dejn.” Dan qalu s-Segretarju Parlamentari Edwin Vassallo meta kien qed jitkellem fil-ftuħ tal-Konferenza organizzata mis-Segretarjat Parlamentari għan-Negozji Żgħar u s-Self Employed flimkien mal-Malta Association of Credit Management. Il-konferenza ttrattat l-immaniġjar tad-dejn u x’jista` jsir biex negozji ma jbgħatux minħabba dejn li jkunu taw. (October 2005)

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New Council and Officials for MACM

The fourth year of the Malta Association of Credit Management was once again characterised by a remarkable increase in its membership. At this point in time, the member groups have a representative turnover of around Lm 500,000,000 and members are coming from various sectors of the Maltese economy, including: FMCG, automotive, communications, insurance, postal services, shipping, transport, IT services, brown & white goods, hardware, printing, travel, advertising, jewellery, chemical industry an (July 2005)

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Banks adopt Code of Conduct dealing with Dishonoured Cheques

The local commercial banks have recently adopted a voluntary Code of Conduct which sets out minimum standards and principles of good banking practice when they deal with cheques which are dishonoured due to non-availability of funds. The objective of this Code of Conduct is to encourage a greater understanding of the roles, rights and responsibilities of the banks, their customers and third parties for their mutual benefit (February 2005)

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Fourth Council of MACM

The third year of the Malta Association of Credit Management was characterised by a steady increase in membership. The Member groups have a representative turnover of more than Lm400,000,000 and are coming from various sectors of the Maltese economy including the FMCG, Automotive, Communications, Insurance, Shipping and Transport, IT, Brown & White Goods, Hardware Supplies, Printing, Chemical & Paints, Security Systems and Services and Utilities Organisations (June 2004)

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Department of Information - No 720 Press Release

Address by the Hon. Censu Galea, Minister for Competitiveness and Communications, during the seminar on "The Evolution of Credit Management in Malta from an E.U. perspective" – Valletta – 6.5.2004 (May 2004)

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Department of Information - No 719 Press Release

Diskors mill-Onor. Edwin Vassallo, Segretarju Parlamentari fil-Ministeru ghall-Kompetittivita' u Komunikazzjoni, waqt il-Konferenza ta' L-MACM dwar "The Evolution of Credit Management in Malta from an EU Perspective" - Valletta – 6.5.2004 (May 2004)

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Law Court Information System

The Malta Association of Credit Management has introduced a new Information System to provide Law Court information to its Members at no additional fees. (February 2004)

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MACM Launches its Revamped Web Site

As a result of the continuous increase in membership, the total members’ turnover, coming from various sectors of the Maltese economy, has now reached LM 400,000,000. The Malta Association of Credit Management (MACM), a non-profit, members-owned organisation announces the launch of its improved web site and internet resources to satisfy the various demands pertaining to credit management and control. (October 2003)

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MACM joins FECMA

Following the meeting held in Oslo on Friday, 16th May 2003, The Malta Association of Credit Management (MACM) joined the pan-European organisation FECMA (Federation of European Credit Management Associations). MACM was accepted unanimously by all the members of FECMA present at the meeting. (May 2003)

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Seminar Re Dishonoured Cheques

A cheque is one of the oldest forms of non-cash payment instruments having wide-spread use in almost every country. A cheque essentially is an instruction to the bank to debit the payer’s account for a specified amount and to transfer that value to the payee’s bank for credit to the payee account or to pay out cash. (May 2003)

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Second Council of MACM

During the first year of The Malta Association of Credit Management, leading companies selling on credit and operating in different commercial sectors of the Maltese economy joined the Association, representing in total a market turnover of over Lm242,000,000 and employing 6,000 people. The sectors now covered are FMCG, automotive, insurance, white & brown goods, computers & IT. (June 2002)

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Establishment of MACM

Following a number of meetings between Malta's main automotive and FMCG suppliers, the Malta Association of Credit Management was formed on the 1st of June 2001, with the primary object of providing a central national organisation for the promotion and protection of all credit interests pertaining to local businesses. (June 2001)

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