- 274 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
This book bridges the existing gap between the theory and practices related to international finance. It discusses banking theories and operational procedures relating to the methods of payment with special reference to Letters of credit (LCs), like revolving LCs, back-to-back LCs, transferable LCs, and standby LCs, with specific applications of documentary discrepancies. Moreover, this book discusses merchanting trade, buyers' credit and supplier's credit, and bank guarantees with many practical caselets, linked to the applications of the International Chamber of Commerce (ICC) and other regulatory rules. It also examines the various roles of banks in financing international trade which are extensively discussed through several cases.
This volume:
- Explains in-depth the intricacies and discrepancies relating to the documentation involved in international trade
- Presents in detail the various steps of executing an export or import deal, right from signing of the contract, managing pre-shipment credit, and booking a forward contract to hedge the exchange rate risk till the closing of the deal
- Gives a comprehensive account of all trade finance products with processes and procedures, rules, and regulations, and risks and mitigates
- Discusses the application of ICC rules through detailed case-lets, which helps an exporter take necessary actions when the payment is denied by a party overseas, or how an importer can simply deny the payment if there is documentary noncompliance
- Scrutinises different types of forex transactions, the regulatory framework within which they take place, and the associated risks and solutions
- Attempts to resolve the existing disparity in the understanding and interpretation of regulatory guidelines and the practices adopted by banks and corporate houses in implementing them.
Accessibly written, this book will be useful to students, researchers, and teachers from the fields of management, business studies, international trade and treasury operations, finance, international banking, trade and commerce, and economics. This will also be an invaluable companion to the professionals working in export–import businesses, foreign exchange businesses, treasury front-office and back-office operations, bureaucrats, and public policymakers.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Half-Title
- Title
- Copyright
- Dedication
- Contents
- Acknowledgements
- 1 Methods of Payment in International Trade: Special Reference to Letter of Credit
- 2 Domestic and International Regulatory Framework
- 3 Structured Products and Letter of Credit
- 4 Documentary Discrepancies and Banking Operations: Case lets on URC 522 and UCP 600
- 5 Transport Documents and Other Commercial Documents: In International Trade
- 6 INCOTERMS: Division of Risk and Cost between Exporters and Importers
- 7 Export Trade and Export Credit
- 8 Import Financing through Trade Credit: Buyer’s Credit and Supplier’s Credit
- 9 Merchanting Trade
- 10 Treasury Front Office Operations for Forex Dealers
- 11 Types of Bank Guarantees and URDG 758
- Answer Key to Multiple Choice Questions