Trade Finance – At the Forefront of Global Trade
Trade finance accounts for 3% of global trade, worth some $3tn annually. Simply put, it’s the financing of trade in a company life cycle, whether you’re sending goods, services or commodities, a variety of financial instruments are used to structure this, under the umbrella term ‘trade finance’. Trade finance includes Letters of Credit (LCs), export finance and credit agencies, receivables and invoice finance, as well as bank guarantees.
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Trade Finance – At the Forefront of Global Trade