Committee for Economic and Monetary Affairs and Trade finance: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(NEW ENTRY - Created as response to TT May 2014 article - http://www.europarl.europa.eu/committees/en/econ/home.html#menuzone)
 
(Remove out of date material.)
 
Line 1: Line 1:
(ECON).
''Trade finance - international trade.''


The European Parliamentary Committee responsible for the economic and monetary policies of the Union, the functioning of Economic and Monetary Union and the European monetary and financial system.
Trade finance and international trade financing include the use of open account, export credit insurance, guarantees, [[supplier credit]]s, [[buyer credit]]s, and the use of different price bases and terms ('[[incoterms]]').  


It also has responsibility for taxation and competition policies, free movement of capital and the regulation of financial services within the EU.  
Trade finance also incorporates instruments and [[documentary credit]]s such as letters of credit, [[acceptance]]s, bills, and evidentiary documents such as bills of lading.  


The scope of trade finance extends through domestic trade financing, [[supply chain finance]] and electronic systems, as well as the areas outlined above.


==See also==
 
* [[European Union]]
:<span style="color:#4B0082">'''''Buyers' concerns - sellers' concerns'''''</span>
 
:In any transaction, there is a level of risk for both the buyer and the seller. The buyer's primary concern is the quality and timing of the goods received. The seller, on the other hand, is mostly concerned about getting paid.
 
:In order to ensure that each party to a trade has their objectives met, and to avoid business grinding to a halt, a series of risk management tools have been developed to enable transactions to be settled in good order.
 
:These tools are referred to collectively as trade finance solutions, and the payment terms inherent in the various products provide more or less protection to one other party in the transaction.
 
:''Sarah Boyce, Associate Director of Education, ACT, The Treasurer, July 2015, p43.''
 
 
== See also ==
* [[Bank payment obligation]]
* [[Bill]]
* [[Bill of lading]]
* [[Buyer credit]]
* [[C2C]]
* [[CIF]]
* [[COD]]
* [[Department for Business and Trade]]  (DBT)
* [[Documentary credit]]
* [[Documentary trade]]
* [[Export credit agency]]
* [[Export Credits Guarantee Department]]
* [[FECMA]]
* [[Finance]]
* [[Freight]]
* [[ICTF]]
* [[International trade]]
* [[Letter of credit]]
* [[Logistics]]
* [[Open account]]
* [[P2P]]
* [[Supplier credit]]
* [[Supply chain finance]]
* [[Trade]]
* [[Trade acceptance]]
 
[[Category:Trade_finance]]

Revision as of 19:13, 3 October 2023

Trade finance - international trade.

Trade finance and international trade financing include the use of open account, export credit insurance, guarantees, supplier credits, buyer credits, and the use of different price bases and terms ('incoterms').

Trade finance also incorporates instruments and documentary credits such as letters of credit, acceptances, bills, and evidentiary documents such as bills of lading.

The scope of trade finance extends through domestic trade financing, supply chain finance and electronic systems, as well as the areas outlined above.


Buyers' concerns - sellers' concerns
In any transaction, there is a level of risk for both the buyer and the seller. The buyer's primary concern is the quality and timing of the goods received. The seller, on the other hand, is mostly concerned about getting paid.
In order to ensure that each party to a trade has their objectives met, and to avoid business grinding to a halt, a series of risk management tools have been developed to enable transactions to be settled in good order.
These tools are referred to collectively as trade finance solutions, and the payment terms inherent in the various products provide more or less protection to one other party in the transaction.
Sarah Boyce, Associate Director of Education, ACT, The Treasurer, July 2015, p43.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Committee_for_Economic_and_Monetary_Affairs&oldid=52997’