JVC, JBT to Host Seminar on Memo Transactions

The Jewelers Vigilance Committee and the Jewelers Board of Trade will present “The Basics of Memo Transaction – The Do’s and Don’ts of Trading on Memo” at the JA/NY Show.

The 90-minute seminar will be held Jan. 19, 2009, at Jacob Javits Convention Center, New York City, meeting room 1D03-04at 8:30 a.m., during the JA New York Winter Show (Jan. 18-20). Attendees will receive a copy of “The Essential Guide to ‘Memo’ Transactions” a new publication in the JVC series of essential guides to legal compliance in the jewelry industry.

The guide contains a number of topics, including: Consignment agreements and protecting your business in an event of bankruptcy, frequently asked questions, and a glossary of terms. It was developed to respond to industry concerns, including the consequences of sending goods on memo. The guide gives jewelry firms a step-by-step method to best position their businesses in cases of economic reversals.

“Industry members need to be educated about the risks of trading on memo, said Cecilia L. Gardner, JVC’s president, chief executive officer, and general counsel. “(The guide) explains how best to protect yourself and your business when sending goods on memo.”

Added Dione Kenyon, JBT president, “As the industry’s established resource for credit and collections services, the JBT is pleased to join with the JVC in delivering this important information for credit managers as they evaluate the risks and protections associated with these programs.”

Registration for this seminar is not required but space is limited so it is best to arrive on-time. Light refreshments will be available. For questions, contact Amy Greenbaum, JVC’s marketing & development director at amy@jvclegal.org.