Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Objectives
This chapter first suggests why international trade can be difficult. Then, it explains the various ways in which banking institutions can facilitate international trade by resolving problems faced by the exporter and importer. The specific objectives are:
2
Objectives
to describe the methods of payment for international trade; to explain common trade finance methods; and to describe the major U.S. agencies that facilitate international trade with export insurance and/or loan programs.*
3
The form of credit whereby the supplier funds the entire trade cycle is known as supplier credit.
5
14
15
16
17
18
19
(Forfaiting)
The importer issues a promissory note to the exporter to pay for its imported capital goods over a period that generally ranges from three to seven years. The exporter then sells the note, without recourse, to a bank (the forfaiting bank).
21
23
25
26
30