Trade finance: Difference between revisions
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imported>Doug Williamson (Amend Acceptance link to Trade acceptance.) |
imported>Doug Williamson m (Make letters of credit lower case.) |
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Trade finance refers to a number of techniques for managing overseas trade financing including open account, export credit insurance, guarantees, supplier / buyer credit, and the use of different price bases (COD, freight paid etc). | Trade finance refers to a number of techniques for managing overseas trade financing including open account, export credit insurance, guarantees, supplier / buyer credit, and the use of different price bases (COD, freight paid etc). | ||
Trade finance incorporates instruments and documentary credits such as | Trade finance incorporates instruments and documentary credits such as letters of credit, acceptances, bills, and evidentiary documents such as bills of lading. | ||
It also incorporates supply chain finance and electronic systems. | It also incorporates supply chain finance and electronic systems. | ||
Revision as of 16:55, 9 September 2014
Trade finance refers to a number of techniques for managing overseas trade financing including open account, export credit insurance, guarantees, supplier / buyer credit, and the use of different price bases (COD, freight paid etc).
Trade finance incorporates instruments and documentary credits such as letters of credit, acceptances, bills, and evidentiary documents such as bills of lading.
It also incorporates supply chain finance and electronic systems.
