I wonder if libraries are re-assessing the risks of deposit accounts and prepayments(not prepayments that are required but those that are optional) in response to recent developments which highlight the vulnerability of deposit accounts if the vendor gets into financial trouble.
While the outcome in the scenario that I alluded to is still unknown, there is no question that we need to re-evaluate the risk of any type of optional pre-payment method.
I'm referring to deposit accounts as well as those serials pre-payments which are made months ahead of the actual due date.
1. Question:
Are those of you who maintain deposit accounts with commercial library materials vendors considering not to continue them?
If you are going to continue using deposit accounts are you planning to handle them differently, e.g. not carrying large balances.?
2. Question:
Do you anticipate a change in serials prepayments? (I'm thinking of libraries that pre-pay serials vendors months ahead of the date the payment is due in order to gain interest, etc).
I apologize for any duplication if these questions have been discussed recently on this list.
Thank you.
Sincerely,
Alfred Kraemer
Head, Technical Services
Medical College of Wisconsin Libraries
8701 Watertown Plank Road
Milwaukee, WI 53226
Phone: 414-456-4273
E-Mail: akraemer_at_mcw.edu
Received on Fri Sep 29 2000 - 13:43:02 EDT