Importance of Trade Finance for Global trading
SELLERS AND BUYERS ARE PROVIDED WITH THE REQUIRED FUNDS TO CONDUCT A GLOBAL TRADE FINANCE SOLUTION USING VARIOUS FINANCIAL INSTRUMENTS IN TRADE FINANCE. ACCORDING TO A REPORT BY THE WORLD TRADE ORGANIZATION, MOST OF THE TRADE FINANCING USED BY THE WORLD IS SHORT-TERM.
Documentary credit, which relies on commercial letters of credit, is one of the most widely used forms of trade finance for exporters. This instrument enables the issuing bank to guarantee that the beneficiary will receive a certain amount of money on behalf of the buyer if the seller complies with the transaction
IN THE DIGITAL AGE, IMPORT-EXPORT FINANCE WILL BE MORE ACCESSIBLE TO MORE PARTIES, AND THE PROCESS WILL BE SIMPLIFIED TO BECOME FULLY ONLINE AND
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