1.

Record Nr.

UNINA9910349527003321

Autore

Bhogal Tarsem

Titolo

International Trade Finance : A Pragmatic Approach / / by Tarsem Bhogal, Arun Trivedi

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019

ISBN

3-030-24540-3

Edizione

[2nd ed. 2019.]

Descrizione fisica

1 online resource (XXXI, 354 p. 91 illus.)

Collana

Finance and Capital Markets Series

Disciplina

332.042

658.1599

Soggetti

International finance

International business enterprises

International Finance

International Business

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

1. International Trade and Inherent Risks -- 2. Services Offered by Commercial Banks -- 3. Methods of Trade -- 4. Foreign Exchange Rates -- 5. Bills of Exchange, Collections, Purchasing and Discounting -- 6. Documentary Letters of Credit -- 7. Letters of Credit: Types -- 8. Methods of Payment Settlement -- 9. Financial Load Variations: Eight Types of Letters of Credit -- 10. INCOTERMS -- 11. Documents in Foreign Trade -- 12. Negotiation of Documents -- 13. Factoring and Forfaiting -- 14. Electronic Documents (eUCP) -- 15. Scrutiny of Documents: Procedures -- 16. Common Irregularities in Documents -- 17. Bank Guarantees and International Bonds -- 18. SWIFT and Letters of Credit -- 19. ICC DOCDEX Rules -- 20. UK Export Finance -- 21. Marine Insurance -- 22. Innovative Non-traditional Finance -- 23. BREXIT -- 24. Blochchain Technology and Trade Finance -- 25. Money Laundering and Sanctions.

Sommario/riassunto

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.