Introduction to International Trade Finance covers the complete cycle of international trade and explains the roles of the specialist operators. Introduction to International Trade Finance aims to:*Guide the reader through every phase of typical trade transactions, examining in detail the relationships between the various parties involved and explaining the facilities employed. *Demonstrate the range of banking instruments and techniques available to exporters and importers which enable them to enter into contracts, confident that whichever method of settlement they agree upon can be provided with the minimum of risk. *Provide a firm understanding of when to apply a particular form of finance, what risks are involved and how they can be counteracted Now updated to include the UCP600. *Inspired from the basic entry level training courses that have been developed by major international banks worldwide. *Will enable MSc Finance students, MBA students and those already in the finance profession to gain an understanding of the basic information and principles underlying the topic under discussion*Questions with answers, study topics, practical "real world" examples and text with an extensive bibliography and references ensure learning outcomes can be immediately appliedNow updated to include the UCP600.
Inhaltsverzeichnis
1;Contents;5 2;Preface;9 3;1 Principal players;15 3.1;Exporters;15 3.2;Importers;16 3.3;Freight forwarders;17 3.4;Warehousemen;17 3.5;Carriers;18 3.6;Insurers;19 3.7;Banks;20 3.8;Factors;22 3.9;Government agencies and international financial institutions;22 4;2 Cross-border trading;24 4.1;The risks involved;24 4.2;Contracts;27 4.3;Methods of payment;31 5;3 Bills for collection;36 5.1;Parties to a collection;36 5.2;D/ P bill for collection ( documents;36 5.3;against payment);36 5.4;D/ A bill for collection ( documents;37 5.5;against acceptance);37 5.6;( Publication No. 522);44 6;4 The irrevocable documentary credit;47 6.1;Parties to a documentary credit;48 6.2;Constructing the credit;51 6.3;Issuing the credit;54 6.4;Documents required under documentary credits;57 6.5;Transport documents;60 6.6;Confirmation of a documentary credit;66 6.7;Silent confirmation;69 6.8;Amendments to the terms of an irrevocable credit;73 6.9;Recourse;75 6.10;Handling discrepant documents;77 6.11;Relevant articles of UCP500;82 7;5 Guarantees;90 7.1;Types of guarantee;90 7.2;Standby letters of credit;106 7.3;International Standby Practices: ISP98;109 8;6 Insurance;114 8.1;Short- term export credit insurance;114 8.2;Marine insurance;117 9;7 Foreign exchange risk;121 9.1;Forward premium and discount;122 9.2;Fixed forward exchange contracts;122 9.3;Option forward contracts;123 9.4;Closing out forward contracts;124 9.5;Borrowing in currency;125 9.6;Buying currency and holding on deposit;125 9.7;Foreign currency options;125 10;8 Special types of credits;127 10.1;The revolving credit;127 10.2;The instalment credit;130 10.3;The red clause credit;130 10.4;The green clause credit;132 10.5;The advance payment credit;132 10.6;The transferable credit;133 10.7;The back- to- back credit;137 10.8;UCP500;142 10.9;The part payment credit;144 11;9 Financing;146 11.1;Financing through bills for collection;150 11.2;Negotiation of bills for collection;152 11.3;Pre- shipment finance;152 11.4;Post- shipment finance
;154 11.5;Assignment/ purchase of trade receivables;156 12;10 Forfaiting;158 12.1;Countertrade;162 13;11 Electronic commerce for international trade settlement;176 13.1;Bolero;176 14;12 Prevention of fraud in international trade;180 14.1;What measures can be taken to;180 14.2;minimize the risk of fraud?;180 15;Appendix 1: Trade finance quiz;188 16;Appendix 2: Guide to exporters and importers;191 16.1;Exporters;191 16.2;Importers;198 17;Appendix 3: Suggested checklist for beneficiaries when preparing documents for presentation under a documentary credit;201 18;Appendix 4: Answers to Gdanski Construct SA Case Study;203 19;Appendix 5: Answers to Quiz;206 20;Glossary;209 21;Bibliography;212 22;Index;213
