Description: Everything You Need to Know About Trade Finance | Shout In Australia, Gold as an investment | 7NEWS, Sherard Kingston: 40 Years of Business on the Gold Coast, 3 States In Australia To Easily Get Permanent Residence
video (50720) headlines (21485) world news (21459) worldnews (20536) sign up and share your playlists (20513) videos and editable pages for news (20510) wn archive (20188) wn network (20177) trade finance goldcoast (1) trade finance goldcoast breaking news (1)
Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.
While a seller (or exporter ) can require the purchaser (an importer ) to prepay for goods shipped , the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks may assist by providing various forms of support. For example, the importer's bank may provide a letter of credit to the exporter (or the exporter's bank) providing for payment upon presentation of certain documents, such as a bill of lading . The exporter's bank may make a loan (by ad
Other forms of trade finance can include Documentary Collection , Trade Credit Insurance, Factoring or forfaiting . Some forms are specifically designed to supplement traditional financing.