Trade Finance: Role of Banks in Provision of Payment Services
Interactive

Trade Finance: Role of Banks in Provision of Payment Services

Intuition Publishing
Updated Sep 24, 2020

A number of challenges facing international traders can be made easier through the use of more efficient financial products and services that are available from commercial banks. The use of foreign branches & correspondent banking is investigated. Finally we explore the use of different payment services such as open account trading, documentary credits and collections, checks, bills of exchange, bank drafts, card payments and trade-related guarantees and other undertakings.