Trade finance: Difference between revisions
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imported>Doug Williamson (Link with qualifications page) |
imported>Doug Williamson (Expand to clarify international and domestic scope.) |
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Trade finance refers to a number of techniques for managing international trade financing including open account, export credit insurance, guarantees, supplier / buyer credit, and the use of different price bases (COD, CIF etc). | Trade finance primarily refers to a number of techniques for managing international trade financing including open account, export credit insurance, guarantees, supplier / buyer credit, and the use of different price bases (COD, CIF etc). | ||
Trade finance incorporates instruments and documentary credits such as letters of credit, acceptances, bills, and evidentiary documents such as bills of lading. | 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 domestic trade financing, supply chain finance and electronic systems. | ||
Revision as of 12:03, 21 March 2015
Trade finance primarily refers to a number of techniques for managing international trade financing including open account, export credit insurance, guarantees, supplier / buyer credit, and the use of different price bases (COD, CIF 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 domestic trade financing, supply chain finance and electronic systems.
