Commerce And Finance

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.

Excerpt from Commerce and Finance: Designed as a Text Book for Schools and of Business Information for the General Reader As a consequence of the diffusion of general intelligence, the improvement in means of transportation, and the rapid transmis sion of information, the business world of today is more highly organized, its interests more intimately connected and interwoven, and its methods more complex and intricate than ever before. To meet present conditions the successful business man of to-day must possess a broader and more intelligent view, as well as a readier comprehension of all those problems which enter into business life. He must be conversant in a degree with the operations, silent though powerful, going on about him. In short, he must be better educated. In the preparation of this book the aim has been to bring together a mass of important facts and information of a business nature not found in books generally, or not found in concise, tang ible or logical form, and present the various subjects so clearly that the ordinary reader or student may readily grasp them. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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