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Author: Akodere Mark Badmus (FCA) Publisher: ISBN: 9781636920948 Category : Languages : en Pages : 202
Book Description
My desire to be of positive impact to my generation and to give back to the profession that has been of tremendous blessings to my career has inspired me to write this book Understanding International Trade Finance. Of my twenty-eight years in banking, I have been remarkably involved in Trade Finance in the last twenty years and I have identified the knowledge gap that exists in this specialized area of financial services and global trade at large. This book is based on my practical experiences of the last eighteen years across different geographies that has culminated in writing of this book in your hand. One intriguing personal experience in this field was that of a friend that travelled abroad and bought a car at an ex-works price and thought he had made a good bargain until about six months of waiting for the car to arrive from abroad but nothing turned up and he complained to me; I examined the documents and noticed that the invoice reads "ex-works." I told him that the price he paid for the car does not cover the cost of shipping the car and that it is his responsibility to arrange for this, then he realised it wasn't really a good bargain after all. Are you a importer, exporter, banker, students, trade finance practitioners, etc.? This book, Understanding International Trade Finance is a must read book for you. I would like to specially express my profound gratitude to my family for their love and supports in the course of writing this book. Also my colleagues and friends for their encouragements in the actualization of this project. Above all, I am sincerely thankful to God for the grace, courage, and strength for writing this book. Akorede Mark Badmus (FCA) United Kingdom March 2018
Author: Akodere Mark Badmus (FCA) Publisher: ISBN: 9781636920948 Category : Languages : en Pages : 202
Book Description
My desire to be of positive impact to my generation and to give back to the profession that has been of tremendous blessings to my career has inspired me to write this book Understanding International Trade Finance. Of my twenty-eight years in banking, I have been remarkably involved in Trade Finance in the last twenty years and I have identified the knowledge gap that exists in this specialized area of financial services and global trade at large. This book is based on my practical experiences of the last eighteen years across different geographies that has culminated in writing of this book in your hand. One intriguing personal experience in this field was that of a friend that travelled abroad and bought a car at an ex-works price and thought he had made a good bargain until about six months of waiting for the car to arrive from abroad but nothing turned up and he complained to me; I examined the documents and noticed that the invoice reads "ex-works." I told him that the price he paid for the car does not cover the cost of shipping the car and that it is his responsibility to arrange for this, then he realised it wasn't really a good bargain after all. Are you a importer, exporter, banker, students, trade finance practitioners, etc.? This book, Understanding International Trade Finance is a must read book for you. I would like to specially express my profound gratitude to my family for their love and supports in the course of writing this book. Also my colleagues and friends for their encouragements in the actualization of this project. Above all, I am sincerely thankful to God for the grace, courage, and strength for writing this book. Akorede Mark Badmus (FCA) United Kingdom March 2018
Author: Rupnarayan Bose Publisher: Notion Press ISBN: Category : Business & Economics Languages : en Pages : 281
Book Description
If you think that you know everything that you need to know about trade finance and the rules that guide them, then this book may come as a pleasant surprise to some of you. Before reading this book, it would have been difficult to imagine the varied issues that comprise the world of documentary credit and trade finance. The problems and their solutions will bring home the realisation that mere reading of the rules is not enough. Learning translates to knowledge only when it helps resolve practical issues. This book is a collection of questions on international trade, trade finance, the ICC (Paris) UCP, ISBP, ISP98 and the Incoterms 2020 rules. It also includes questions on exchange rate mechanism, foreign exchange operations and cargo insurance. The exercises are by way of objective, multi-choice questions (MCQs), descriptive questions and case studies. All the questions have been carefully selected with the sole purpose of further improving our understanding and practical application of these rules. So, go ahead and find out how many doors this book opens for you. Have fun and learn!
Author: Elhanan Helpman Publisher: Harvard University Press ISBN: 0674060784 Category : Business & Economics Languages : en Pages : 233
Book Description
Global trade is of vital interest to citizens as well as policymakers, yet it is widely misunderstood. This compact exposition of the market forces underlying international commerce addresses both of these concerned groups, as well as the needs of students and scholars. Although it contains no equations, it is almost mathematical in its elegance, precision, and power of expression. Understanding Global Trade provides a thorough explanation of what shapes the international organization of production and distribution and the resulting trade flows. It reviews the evolution of knowledge in this field from Adam Smith to today as a process of theoretical modeling, accumulation of new empirical data, and then revision of analytical frameworks in response to evidence and changing circumstances. It explains the sources of comparative advantage and how they lead countries to specialize in making products which they then sell to other countries. While foreign trade contributes to the overall welfare of a nation, it also creates winners and losers, and Helpman describes mechanisms through which trade affects a country's income distribution. The book provides a clear and original account of the revolutions in trade theory of the 1980s and the most recent decade. It shows how scholars shifted the analysis of trade flows from the sectoral level to the business-firm level, to elucidate the growing roles of multinational corporations, offshoring, and outsourcing in the international division of labor. Helpman’s explanation of the latest research findings is essential for an understanding of world affairs.
Author: RUPNARAYAN BOSE Publisher: Notion Press ISBN: 1638508674 Category : Business & Economics Languages : en Pages : 184
Book Description
If you think that the rules of the International Chamber of Commerce (ICC), Paris on trade finance and documentary credits have no surprises left for you, then read this book very carefully from cover to cover. Whether you are a trade finance veteran or a recent entrant, the articles in this book will provide you with a few unconventional and unusual perspectives about the UCP and the ISBP rules. The book discusses selected provisions of UCP 600, and also raises several pertinent questions. For example, does the SWIFT MT700 really provide for an expiry date? Is article 15 necessary? Why shouldn’t UCP sub-article 16(f) apply to a nominated bank? Did you know that UCP article 10 on amendments has a huge logical error? Why are some critical rules missing in the UCP (they are only in the ISBP)? Are you aware that sub-articles 14(g), and 14(h) on non-documentary conditions, are both incorrectly structured? Which ICC ‘rules’ apply if a presentation contains only copies of transport documents? Must a B/L or a MMTD show a date of issue? What is ‘negotiation’? Why is the place where a credit is available of critical importance to an exporter/beneficiary? Go ahead and read the book. It will provide you with plenty of food for thought, a deeper understanding of the rules of trade finance, and value for money.
Author: Eric Bishop Publisher: Elsevier ISBN: 0080470009 Category : Business & Economics Languages : en Pages : 222
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 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.
Author: Kwai Wing Luk Publisher: City University of HK Press ISBN: 9629371855 Category : Business & Economics Languages : en Pages : 379
Book Description
This second edition represents a substantial revision to the first edition first published in 1999. Readers will find this book an update of the adoption of UCP–600 and new practices of the services by ECIC and major trade promotion institutions in Hong Kong. Major differences between Incoterms 2000 and 2010 will also be discussed. Published by City University of Hong Kong Press. 香港城市大學出版社出版。
Author: Mr.JaeBin Ahn Publisher: International Monetary Fund ISBN: 1463924607 Category : Business & Economics Languages : en Pages : 37
Book Description
This paper provides a theory model of trade finance to explain the "great trade collapse." The model shows that, first, the riskiness of international transactions rises relative to domestic transactions during economic downturns, and second, the exclusive use of a letter of credit in international transactions exacerbates a collapse in trade during a financial crisis. The basic model considers banks' optimal screening decisions in the presence of counterparty default risks. In equilibrium, banks will maintain a higher precision screening test for domestic firms and a lower precision screening test for foreign firms, which constitutes the main mechanism of the model.
Author: Mr Alexander R Malaket Publisher: Gower Publishing, Ltd. ISBN: 1472403665 Category : Business & Economics Languages : en Pages : 313
Book Description
The vast majority of international trade is supported by some form of trade financing: a specialized, sometimes complex form of financing that is poorly understood even by bankers and seasoned finance and treasury experts. Financing Trade and International Supply Chains takes the mystery out of trade and supply chain finance, providing a practical, straightforward overview of a discipline that is fundamental to the successful conduct of trade: trade that contributes to the creation of economic value, poverty reduction and international development, while increasing prosperity across the globe. The book suggests that every trade or supply chain finance solution, no matter how elaborate, addresses some combination of four elements: facilitation of secure and timely payment, effective mitigation of risk, provision of financing and liquidity, and facilitation of transactional and financial information flow. The book includes observations on the effective use of traditional mechanisms such as Documentary Letters of Credit, as well as an overview of emerging supply chain finance solutions and programs, critical to the financing of strategic suppliers and other members of complex supply chain ecosystems. The important role of export credit agencies and international financial institutions is explored, and innovations such as the Bank Payment Obligation are addressed in detail. Financing Trade and International Supply Chains is a valuable resource for practitioners, business executives, entrepreneurs and others involved in international commerce and trade. This book balances concept with practical insight, and can help protect the financial interests of companies pursuing opportunity in international markets.
Author: Andreas Klasen Publisher: John Wiley & Sons ISBN: 1119167388 Category : Political Science Languages : en Pages : 624
Book Description
Provides a state-of-the-art overview of international trade policy research The Handbook of Global Trade Policy offers readers a comprehensive resource for the study of international trade policy, governance, and financing. This timely and authoritative work presents contributions from a team of prominent experts that assess the policy implications of recent academic research on the subject. Discussions of contemporary research in fields such as economics, international business, international relations, law, and global politics help readers develop an expansive, interdisciplinary knowledge of 21st century foreign trade. Accessible for students, yet relevant for practitioners and researchers, this book expertly guides readers through essential literature in the field while highlighting new connections between social science research and global policy-making. Authoritative chapters address new realities of the global trade environment, global governance and international institutions, multilateral trade agreements, regional trade in developing countries, value chains in the Pacific Rim, and more. Designed to provide a well-rounded survey of the subject, this book covers financing trade such as export credit arrangements in developing economies, export insurance markets, climate finance, and recent initiatives of the World Trade Organization (WTO). This state-of-the-art overview: Integrates new data and up-to-date research in the field Offers an interdisciplinary approach to examining global trade policy Introduces fundamental concepts of global trade in an understandable style Combines contemporary economic, legal, financial, and policy topics Presents a wide range of perspectives on current issues surrounding trade practices and policies The Handbook of Global Trade Policy is a valuable resource for students, professionals, academics, researchers, and policy-makers in all areas of international trade, economics, business, and finance.
Author: Sang Man Kim Publisher: Springer Nature ISBN: 9811570396 Category : Law Languages : en Pages : 224
Book Description
This book explains various methods of payment in international trade and trade finance schemes for international trade. It also presents an overview of the concepts, purposes, features, and risks of international trade. A grasp of the features and risks of international trade facilitates a better understanding of the numerous methods of payment in international trade and the relevant trade finance schemes, which is essential to success in international trade transactions. In order to complete an international trade transaction, depending on the terms, both parties need access to funds. Compared with large companies, small and medium-sized enterprises (SMEs), frequently face difficulties in raising capital or funds, but financing an international trade transaction is often the key to its successful completion. As such, selecting an appropriate financing mechanism from the various options available is vital. This book offers a systematic overview of international trade and payment together with trade finance, providing instructive examples and illustrations of trade documents, each method of payment, and trade finance including export credit insurance or guarantee.
Author: Akodere Mark Badmus (FCA)
Author: Akodere Mark Badmus (FCA)
Author: Rupnarayan Bose
Author: Elhanan Helpman
Author: RUPNARAYAN BOSE
Author: Eric Bishop
Author: Kwai Wing Luk
Author: Mr.JaeBin Ahn
Author: Mr Alexander R Malaket
Author: Andreas Klasen
Author: Sang Man Kim