The Jewelers Board of Trade (JBT), in collaboration with the Jewelers Vigilance Committee (JVC), will host a webinar on conducting business on memo. Conducting Business on Memo: Risks & Precautions will be held Thursday, February 18, 2021 at 2:00 pm EST.
Memo transactions can be very risky for a supplier, especially in an economic downturn. During the Conducting Business on Memo: Risks & Precautions webinar, you will not only hear about the risks associated with memo transactions, but also learn how to evaluate credit risk and decide whether you need legal counsel, or the help of a UCC-filing service.
Jim Rocchio, Manager of the JBT Collections Department and Sara Yood, Senior Counsel for the Jewelers Vigilance Committee will discuss the pitfalls of memo transactions and the ways to protect your company. While you want your products to reach the marketplace, you don’t want that to happen at a bankruptcy-fire sale, with the proceeds going to someone else!
Jim Rocchio, manager of the Collections Department, began his career with JBT in 1987 as a Business Analyst. Jim previously managed the Dallas, TX branch office and various other territories throughout the US. In addition to managing a team of business analysts in the Credit Reporting Department, Jim spent several years managing JBT’s website content and delivering web-based services.
Since 2010, he has moderated the Jewelry Credit Interchange Group, which meets several times a year in New York City to discuss accounts in a confidential forum. Prior to managing the Collections Department, Jim also managed the Credit Reporting Department.
Sara Yood, Senior Counsel at JVC, is an attorney admitted in the state of New York with extensive experience in legal compliance and intellectual property law. Yood is well-versed in a wide range of legal compliance topics that face the jewelry industry, including anti-money laundering regulations and responsible sourcing. She has authored multiple JVC publications illustrating the laws surrounding the jewelry industry. Yood came to JVC from a fellowship at the Fashion Law Institute at Fordham Law School, where she received her law degree. She is a graduate of Washington University in St. Louis. Yood also serves as the Treasurer and on the board of the Women’s Jewelry Association and is a member of the Fashion Law Committee of the New York City Bar Association.