International trade finance : a pragmatic approach
Author(s)
Bibliographic Information
International trade finance : a pragmatic approach
(Finance and capital markets)
Palgrave Macmillan, c2019
2nd ed
- : [hardback]
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Note
Includes index
Description and Table of Contents
Description
The 21st century has witnessed swift change in every sphere of the human endeavour. Regulatory re-alignment, digitalisation and economic and political developments have contributed to paradigm shift in banking, trade, finance and the shipping industry virtually transforming the landscape. International Trade Finance is an essential tool for bankers, exporters/importers, shippers, consultants, teachers and students navigating the procedures of international trade finance. The book addresses basic topics relating to international trade including letters of credit mechanism, collections of bills, trade customs and practice. New to this revised edition, it covers SWIFT updates, supply chain system, UKEF, Blockchain technologies, the implications of BREXIT, NAFTA, Mexico, Canada and other bilateral agreements and their implications, the US sanctions, terrorist financing and anti-money laundering provisions, and a check list to control financial crime risks in trade finance. The extended metaphor of the book is that of an arm chair tour covering fundamentals to the nuances of the hard core of the subject matter and enabling the readers to deal with complicated implementation issues in a forthright and comprehensive fashion.
Table of Contents
1. International Trade and Inherent Risks2. Services Offered by Commercial Banks3. Methods of Trade4. Foreign Exchange Rates5. Bills of Exchange, Collections, Purchasing and Discounting6. Documentary Letters of Credit7. Letters of Credit: Types8. Methods of Payment Settlement9. Financial Load Variations: Eight Types of Letters of Credit10. INCOTERMS11. Documents in Foreign Trade12. Negotiation of Documents13. Factoring and Forfaiting14. Electronic Documents (eUCP)15. Scrutiny of Documents: Procedures16. Common Irregularities in Documents17. Bank Guarantees and International Bonds18. SWIFT and Letters of Credit19. ICC DOCDEX Rules20. UK Export Finance21. Marine Insurance22. Innovative Non-traditional Finance23. BREXIT24. Blochchain Technology and Trade Finance25. Money Laundering and Sanctions
by "Nielsen BookData"