 Finance for TradeStephen Valdez Chapter 8 in An Introduction to Western Financial Markets, 1993, pp 159-171 from Palgrave Macmillan Abstract: Abstract If we consider the various problems which will arise in the export/import business, there are many ways in which banks can provide assistance: 1. Payment services The basic question of money transfers. 2. Collection of debts The heart of the matter — how to ensure that weget paid. 3. Extension of credit This involves ensuring that weget paid and the question of extending credit using, say, the bill of exchange. 4. Finance This may be for the exporter to fund completion of the contract or for the importer to help pay for goods. 5. Foreign exchange Sales/purchases of foreign currency spot, forward and by wayof options, which are discussed in Chapter 7. 6. Trading guarantees This covers many questions — quality of goods already paid for(importer), failure of chosen supplier to perform on award of a tender (importer), insurance against political risk, sudden withdrawal of export licences (exporter). 7. Miscellaneous This involves market intelligence, letters of introduction, correspondent banking facilities and similar services. Keywords: Credit Union; Political Risk; Performance Bond; Export Credit; Advance Payment (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22961-1_8 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-22961-1_8 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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