Finance of International Trade

Finance of International Trade

by Eric Bishop
Released November 2003
Publisher(s): Butterworth-Heinemann
ISBN: 9780080470009

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Book description

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

*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

Table of contents

  1. Contents
  2. Preface (1/2)
  3. Preface (2/2)
  4. 1 Principal players
    1. Exporters
    2. Importers
    3. Freight forwarders
    4. Warehousemen
    5. Carriers
    6. Insurers
    7. Banks
    8. Factors
    9. Government agencies and international financial institutions
  5. 2 Cross-border trading
    1. The risks involved
    2. Contracts
    3. Methods of payment
  6. 3 Bills for collection
    1. Parties to a collection
    2. D/ P bill for collection ( documents
    3. against payment)
    4. D/ A bill for collection ( documents
    5. against acceptance)
    6. ( Publication No. 522)
  7. 4 The irrevocable documentary credit
    1. Parties to a documentary credit
    2. Constructing the credit
    3. Issuing the credit
    4. Documents required under documentary credits
    5. Transport documents (1/2)
    6. Transport documents (2/2)
    7. Confirmation of a documentary credit
    8. Silent confirmation
    9. Amendments to the terms of an irrevocable credit
    10. Recourse
    11. Handling discrepant documents
    12. Relevant articles of UCP500 (1/2)
    13. Relevant articles of UCP500 (2/2)
  8. 5 Guarantees
    1. Types of guarantee
    2. Standby letters of credit
    3. International Standby Practices: ISP98
  9. 6 Insurance
    1. Short- term export credit insurance
    2. Marine insurance
  10. 7 Foreign exchange risk
    1. Forward premium and discount
    2. Fixed forward exchange contracts
    3. Option forward contracts
    4. Closing out forward contracts
    5. Borrowing in currency
    6. Buying currency and holding on deposit
    7. Foreign currency options
  11. 8 Special types of credits
    1. The revolving credit
    2. The instalment credit
    3. The red clause credit
    4. The green clause credit
    5. The advance payment credit
    6. The transferable credit
    7. The back- to- back credit
    8. UCP500
    9. The part payment credit
  12. 9 Financing
    1. Financing through bills for collection
    2. Negotiation of bills for collection
    3. Pre- shipment finance
    4. Post- shipment finance
    5. Assignment/ purchase of trade receivables
  13. 10 Forfaiting
    1. Countertrade (1/3)
    2. Countertrade (2/3)
    3. Countertrade (3/3)
  14. 11 Electronic commerce for international trade settlement
    1. Bolero
  15. 12 Prevention of fraud in international trade
    1. What measures can be taken to
    2. minimize the risk of fraud?
  16. Appendix 1: Trade finance quiz
  17. Appendix 2: Guide to exporters and importers
    1. Exporters
    2. Importers
  18. Appendix 3: Suggested checklist for beneficiaries when preparing documents for presentation under a documentary credit
  19. Appendix 4: Answers to Gdanski Construct SA Case Study
  20. Appendix 5: Answers to Quiz
  21. Glossary
  22. Bibliography
  23. Index (1/2)
  24. Index (2/2)

Product information

  • Title: Finance of International Trade
  • Author(s): Eric Bishop
  • Release date: November 2003
  • Publisher(s): Butterworth-Heinemann
  • ISBN: 9780080470009