Finance of International Trade (eBook)

Eric Bishop (Autor)

eBook Download: PDF

2003 | 1. Auflage
224 Seiten
Elsevier Science (Verlag)
978-0-08-047000-9 (ISBN)

Infos

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 applied

Now updated to include the UCP600.

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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 "e;real world"e; examples and text with an extensive bibliography and references ensure learning outcomes can be immediately appliedNow updated to include the UCP600.

Inhalt

Contents 5
Preface 9
1 Principal players 15
Exporters 15
Importers 16
Freight forwarders 17
Warehousemen 17
Carriers 18
Insurers 19
Banks 20
Factors 22
Government agencies and international financial institutions 22
2 Cross-border trading 24
The risks involved 24
Contracts 27
Methods of payment 31
3 Bills for collection 36
Parties to a collection 36
D/ P bill for collection ( documents 36
against payment) 36
D/ A bill for collection ( documents 37
against acceptance) 37
( Publication No. 522) 44
4 The irrevocable documentary credit 47
Parties to a documentary credit 48
Constructing the credit 51
Issuing the credit 54
Documents required under documentary credits 57
Transport documents 60
Confirmation of a documentary credit 66
Silent confirmation 69
Amendments to the terms of an irrevocable credit 73
Recourse 75
Handling discrepant documents 77
Relevant articles of UCP500 82
5 Guarantees 90
Types of guarantee 90
Standby letters of credit 106
International Standby Practices: ISP98 109
6 Insurance 114
Short- term export credit insurance 114
Marine insurance 117
7 Foreign exchange risk 121
Forward premium and discount 122
Fixed forward exchange contracts 122
Option forward contracts 123
Closing out forward contracts 124
Borrowing in currency 125
Buying currency and holding on deposit 125
Foreign currency options 125
8 Special types of credits 127
The revolving credit 127
The instalment credit 130
The red clause credit 130
The green clause credit 132
The advance payment credit 132
The transferable credit 133
The back- to- back credit 137
UCP500 142
The part payment credit 144
9 Financing 146
Financing through bills for collection 150
Negotiation of bills for collection 152
Pre- shipment finance 152
Post- shipment finance 154
Assignment/ purchase of trade receivables 156
10 Forfaiting 158
Countertrade 162
11 Electronic commerce for international trade settlement 176
Bolero 176
12 Prevention of fraud in international trade 180
What measures can be taken to 180
minimize the risk of fraud? 180
Appendix 1: Trade finance quiz 188
Appendix 2: Guide to exporters and importers 191
Exporters 191
Importers 198
Appendix 3: Suggested checklist for beneficiaries when preparing documents for presentation under a documentary credit 201
Appendix 4: Answers to Gdanski Construct SA Case Study 203
Appendix 5: Answers to Quiz 206
Glossary 209
Bibliography 212
Index 213

Produkt-Details

• Erscheint lt. Verlag: 28.10.2003
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• ISBN-10: 0-08-047000-9 / 0080470009
• ISBN-13: 978-0-08-047000-9 / 9780080470009