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EuroPlanner 'Preparing
your Business for the Euro'
Euro
tools
Letters
to customers and suppliers
Record
of euro needs
Pricing
tool
Payment
conditions
Currency
converters
Exchange
risk tool
IT
system affected by the euro
Euro
symbol
Letters
to customers and suppliers
Draft
letter to customers
You may find it helpful to use the letter provided in
this section to ask your customers if they wish to be
invoiced in euro. Mirror versions of this letter are available
in a number of other EU languages.
Customer
letter (English)
Customer
letter (German)
Customer
letter (French)
Customer
letter (Italian)
Customer
letter (Spanish)
Customer
letter (other EU languages)
Draft
letter to suppliers
You may find it helpful to use the letter provided in
this section to ask your suppliers if they wish to be
paid in euro. Mirror versions of this letter are available
in a number of other EU languages.
Supplier
letter (English)
Supplier
letter (German)
Supplier
letter (French)
Supplier
letter (Italian)
Supplier
letter (Spanish)
Supplier
letter (other EU languages)
Record
of euro needs
Record
of customers/suppliers euro needs
To help you monitor the responses there is a chart under
this section to record the replies you receive. If used
it will help you to assess quickly when you will need
to be able to do business in euro.
Response
chart
Pricing
tool
This
will show you what the equivalent price would be for your
product/ services in euro and allows you to see what the
effect would be on your profit margin if you change the
price to an attractive euro price e.g. 4.99 euro rather
than 5.27 euro.
Pricing
tool
(N.B. This utility must be saved to your harddisk before
use)
Payment
conditions
This
lists the average credit periods throughout the 15 EU
member states.
Credit
periods
Currency
converters
This
allows you to convert and compare the price of sterling
and other EU currencies with the euro.
Currency
converter
(N.B. This utility must be saved to your harddisk before
use)
Exchange
risk tool
The
euro will be a foreign currency and the exchange rate
against sterling will fluctuate. There will, therefore,
be an exchange risk. This tool will help you to consider
how your profit margins may be affected by exchange risks,
and allow you to experiment with types of bank products
designed to reduce the impact of exchange rate movements
on your profits. You should read the Word file on dealing
with exchange risks before using the exchange risk tool
as it explains the options available.
Dealing
with exchange risks
Exchange
risk tool
(N.B. This utility must be saved to your harddisk before
use)
IT system affected by the euro
To
help you monitor possible IT systems issues a simple checklist
is provided to create a list of changes required and the
target date for changes to be made.
Affected
IT systems
Euro
symbol
This
tool allows you to download the euro symbol in the Times
New Roman Font onto your computer. It can then be used
by pressing \Alt E\. Install the font