IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-22961-1_8.html
   My bibliography  Save this book chapter

Finance for Trade

In: An Introduction to Western Financial Markets

Author

Listed:
  • Stephen Valdez

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.

Suggested Citation

  • Stephen Valdez, 1993. "Finance for Trade," Palgrave Macmillan Books, in: An Introduction to Western Financial Markets, chapter 8, pages 159-171, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22961-1_8
    DOI: 10.1007/978-1-349-22961-1_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-22961-1_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.