International Trade Payments (SWIFT)
The volume of world trade payments is gigantic and the volume of SWIFT messages reached an all time high of 5 billion messages in 2013.
World is a Buyer’s market
It is interesting to note how the industry is moving from traditional and well laid out instruments of trade finance to non-traditional instruments which are quick, liquid and usually short term.
Documentary Letter of Credit – Parties
Documentary Letter of credit (LC) is a financial contract between the issuing bank, applicant and the beneficiary. Let us understand the role of various parties involved in an LC transaction.
Incoterms 2010 – A Quick reference chart
The last rules, Incoterms 2010, were published on January 1, 2011. Our quick reference guide makes it easier for our readers to remember the characteristics of each incoterm.
Today, almost every industry can profit from factoring. Factoring is also known as Receivables finance and is an export finance instrument available in international trade market.