The 21st century has witnessed swift change in every sphere of the human endeavour. Regulatory re-alignment, digitalisation and economic and political developments have contributed to paradigm shift in banking, trade, finance and the shipping industry virtually transforming the landscape. International Trade Finance is an essential tool for bankers, exporters/importers, shippers, consultants, teachers and students navigating the procedures of international trade finance. The book addresses basic topics relating to international trade including letters of credit mechanism, collections of bills, trade customs and practice. New to this revised edition, it covers SWIFT updates, supply chain system, UKEF, Blockchain technologies, the implications of BREXIT, NAFTA, Mexico, Canada and other bilateral agreements and their implications, the US sanctions, terrorist financing and anti-money laundering provisions, and a check list to control financial crime risks in trade finance. The extended metaphor of the book is that of an arm chair tour covering fundamentals to the nuances of the hard core of the subject matter and enabling the readers to deal with complicated implementation issues in a forthright and comprehensive fashion.

This book explains various methods of payment in international trade and trade finance schemes for international trade. It also presents an overview of the concepts, purposes, features, and risks of international trade. A grasp of the features and risks of international trade facilitates a better understanding of the numerous methods of payment in international trade and the relevant trade finance schemes, which is essential to success in international trade transactions. In order to complete an international trade transaction, depending on the terms, both parties need access to funds. Compared with large companies, small and medium-sized enterprises (SMEs), frequently face difficulties in raising capital or funds, but financing an international trade transaction is often the key to its successful completion. As such, selecting an appropriate financing mechanism from the various options available is vital. This book offers a systematic overview of international trade and payment together with trade finance, providing instructive examples and illustrations of trade documents, each method of payment, and trade finance including export credit insurance or guarantee.

"Current trends toward financial deregulation in the United States and massive increases in the need for trade-related credit and financing worldwide have created export-import markets of unprecedented depth and complexity."-from Global Trade Financing The definitive book in its field for more than twenty-five years, Global Trade Financing (formerly titled Export-Import Financing) provides global traders, U.S. and foreign bankers, and students of global commerce with a complete and in-depth guide to every aspect of global trade financ- ing. Inside, you'll find the latest techniques and vehicles for financing all types of export and import operations at every stage of the process. You'll also discover: * Strategies for transition to the Euro * Hedging techniques including high-yield derivatives * New areas of import-export risk * Recent regulations governing documentary credit * Current financing rules Written by experts in the field, this book begins with an overview of the most important organizations that make contributions to the financing of trade and related services. The authors trace past and present trends in world trade and investment flows while evaluating the impact that these have on financial institutions and vehicles. Detailed descriptions are also provided on the services of commercial banks as well as the key private nonbank institutions that may be of financial assistance to exporters and importers. In Part 2, the steps involved with executing a transaction are spelled out along with the rights and responsibilities of the various parties involved. The general types of sales contracts and their major provisions are discussed with helpful tips to prevent any misunderstanding and conflict between the parties. And to reduce the risk of financial loss, hedging techniques for foreign exchange and ocean marine insurance are thoroughly covered. Specific techniques and vehicles of unsecured and secured lending are introduced in Part 3. This section also shows how to use Eurocurrency to finance international trade and investment. And the authors explain how the various types of letters of credit can be used as financing tools. Clearly written and easy to use, Global Trade Financing contains all the information you'll need to keep pace with the ever-changing nature of international finance. Packed with invaluable information on how transactions are executed, the effects of recent legislation, and new financing techniques, Global Trade Financing (formerly titled Export-Import Financing) is certain to remain the key resource in the field. This book thoroughly covers every aspect of export-import financing including banking deregulation, international bank custody operations, bank involvement in insurance, and changes in the maritime industry. It also features a wide range of topics, from foreign trade definitions, bank guarantees, and risk management, to shipping and collection, and the latest legislation. Written and organized for maximum clarity and accessibility, this comprehensive volume includes: * The roles of commercial banks, private institutions, and governments in export-import financing, and how they interact * How transactions are executed, including the role of foreign exchange and techniques for hedging * The tools, techniques, and vehicles for financing all types of inter-national trade, from letters of credit to bankers' acceptances The definitive guide for keeping pace with the ever-changing nature of international finance

The vast majority of international trade is supported by some form of trade financing: a specialized, sometimes complex form of financing that is poorly understood even by bankers and seasoned finance and treasury experts. Financing Trade and International Supply Chains takes the mystery out of trade and supply chain finance, providing a practical, straightforward overview of a discipline that is fundamental to the successful conduct of trade: trade that contributes to the creation of economic value, poverty reduction and international development, while increasing prosperity across the globe. The book suggests that every trade or supply chain finance solution, no matter how elaborate, addresses some combination of four elements: facilitation of secure and timely payment, effective mitigation of risk, provision of financing and liquidity, and facilitation of transactional and financial information flow. The book includes observations on the effective use of traditional mechanisms such as Documentary Letters of Credit, as well as an overview of emerging supply chain finance solutions and programs, critical to the financing of strategic suppliers and other members of complex supply chain ecosystems. The important role of export credit agencies and international financial institutions is explored, and innovations such as the Bank Payment Obligation are addressed in detail. Financing Trade and International Supply Chains is a valuable resource for practitioners, business executives, entrepreneurs and others involved in international commerce and trade. This book balances concept with practical insight, and can help protect the financial interests of companies pursuing opportunity in international markets.

Designed for use by anyone involved in international sales, finance, shipping and administration, The Handbook of International Trade and Finance provides a full explanation of the key areas of international trade - including risk management, international payments and currency management. It is an essential reference source that will help to reduce risks and improve cashflow, identify the most competitive finance alternatives, structure the best payment terms, and minimize finance and transaction costs. Coverage includes: trade risks and risk assessment; methods of payment; currency risk; export credit insurance; trade finance; and terms of payment. Designed for all businesses, regardless of size and business sector, the book also describes the negotiating process from the perspectives of both the buyer and the seller - providing valuable insight into the complete financing process.

Everything you need to know about key aspects in corporate finance.

This second edition represents a substantial revision to the first edition first published in 1999. Readers will find this book an update of the adoption of UCP–600 and new practices of the services by ECIC and major trade promotion institutions in Hong Kong. Major differences between Incoterms 2000 and 2010 will also be discussed. Published by City University of Hong Kong Press. 香港城市大學出版社出版。