-
What is Trade Finance?
http://www.tradefinanceglobal.com/finance-products/trade-finance/
What is Trade Finance?
Transcript:
Hi, I’m Sam, and I want to tell you all about trade finance, and along the journey, this might even help your clients.
Did you know, around 80-90% of global trade is reliant on trade and supply chain finance, which is estimated to be worth around $10 trillion US dollars a year.
We want to help explain some of the concepts behind trade finance, should it ever be useful for you to explain or help your clients.
Sometimes banks might not be the best funding option. We’ve seen increasing regulation, reduced standard lending, and SMEs finding it difficult to access finance from traditional means. Is this really the case?
Absolutely not! At Trade Finance Global, we help companies find debt f...
published: 07 Jul 2016
-
Imports, Exports, and Exchange Rates: Crash Course Economics #15
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, S...
published: 20 Nov 2015
-
Trade Finance Global (TFG) Introductory Video
Trade Finance Global are experts in structured and trade finance, helping companies to trade, import or export goods and services.
We have a network of over 270 banks, funds and alternative lenders across different geographies, allowing us to help almost any trading company to access finance.
published: 11 May 2018
-
Incoterms for beginners | Global Trade Explained
Incoterms are international trade delivery terms that cover who is responsible for which part of the logistics process. Incoterms 2020 is the latest version and the one we'll be focusing on in this video, but we'll also be making some comparisons with Incoterms® 2000.
This is a very easy and simplified tutorial, so anyone with no prior trade experience can quickly learn the basics of Incoterms: EXW, FOB, CFR, CIF, DDU, and DDP / DAP. We will explain the meaning of each of these terms with graphics and examples.
📌 NAVIGATION:
0:00 - What are Incoterms?
0:39 - Incoterms Basics
1:24 - EXW (Ex Works)
1:48 - FOB (Free on Board)
2:31 - CFR & CIF (Cost & Freight, Cost Insurance Freight)
3:05 - DDP & DDU / DAP (Delivery Duty Paid / Delivered at Place)
#Incoterms #Incoterms2020 #internationalT...
published: 07 Sep 2021
-
Letter of Credit | Meaning & Process explained in International Trade
A Letter of Credit/LC is also known as a documentary credit. It is a document issued on the importer's behalf. Also, it acts as an economic guarantee for the exporter as he is assured of the payment.
To have in-depth knowledge of the term, you can read our articles:- https://www.dripcapital.com/resources/blog/letter-of-credit-lc
https://www.dripcapital.com/resources/blog/types-of-letter-of-credit-lc
In this video, we have covered:-
1. What is a Letter of Credit
2. Why is it required
3. How it works
published: 16 Jun 2021
-
Trade Finance Basic Concepts | Methods of Payment | Parties Involved
Are you new to trade finance or are interested to know about it?
This tutorial gives an introduction to trade finance so that you can slowly go deeper into learning a Letter of Credit, Documentary Collections and all other aspects of trade finance.
⭐️⭐️Our courses are chosen by international banks and corporates to train their employees.
🚀For our trade finance courses -
https://www.bankon.school/courses/trade-finance-letter-of-credit-incoterms
✅For our SWIFT ISO 20022 courses - https://www.bankon.school/courses/swift-mt-mx-iso-20022-message-types
Here we discuss
What are the different roles or players in the export-import or trade finance business?
What are the payment methods in trade finance?
We give an example of the Advance payment method in trade finance.
We also give an examp...
published: 21 Dec 2019
-
International Trade Explained | World101
Trade determines what you can buy and where you can work. It can affect hormone levels in a supermarket chicken, the pictures printed on cigarette packages, and minimum wage laws around the world. Trade is one of the most complex issues we face today in our globalized economy. Trade disputes, deficits, tariffs and the institutions that deal with it on an international level are all dependent on foreign policy. To learn more about Trade and its connection to foreign policy visit our Trade module: https://on.cfr.org/4c7Anq7
Sign up for the CFR Education Newsletter to receive global affairs resources like this straight to your inbox: https://link.cfr.org/join/66n/hp-cfr-education-youtube
Subscribe to our channel for more videos that cover the issues, trends, and concepts you need to know to...
published: 18 Jun 2019
-
Global Trade Finance Gap Widens to $1.7 Trillion on Covid-19
Oct.11 -- The latest survey from the Asian Development Bank says the global trade finance gap rose to $1.7 trillion las year as Covid-19 sent shockwaves through trade and supply chains. Bloomberg’s Enda Curran reports on “Bloomberg Daybreak: Asia.”
published: 12 Oct 2021
-
Japan Inc. | Jeff's World with Jeffrey Kleintop & Lee Bohl | 2-26-24
Jeff's World with Jeffrey Kleintop & Lee Bohl | 2-26-24
Characteristics and Risks of Standardized Options. https://bit.ly/2v9tH6D
Today we covered the reasons Japan's stock market is at highs, and examined factors that may power a new move higher.
Jeff’s World features actionable insights from Schwab’s Chief Global Investment Strategist on developments and trends around the world and what they may mean for investors. No matter where or what you invest in, the ever changing outlook for global economies, policies, and trends offers risks and potential opportunities.
Join Jeff and Lee Bohl for this interactive segment.
0620-0252
Options involve risks and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options carefully before trading.
published: 26 Feb 2024
-
Letters of Credit - What is a Letter of Credit (Trade Finance Global LC Guide)
Visit https://www.tradefinanceglobal.com/letters-of-credit/ for the TFG Letter of Credit Guide
A Letter of Credit is relevant where there is an exporter and an importer; and there needs to be prepayment or a confirmation of payment in order for goods to be shipped.
A letter of credit is an instrument from a bank, which guarantees a buyer's payment to a seller if certain criteria are met.
If the buyer can’t pay up, due to the agreed contract through the Letter of Credit, the bank will cover the remaining price.
Letters of Credit are fundamental components of international trade. They’re governed universally by a set of guidelines called the UCP 600, which are issued by the International Chamber of Commerce.
An LC is a promise written on a legal document that comes from a bank with a pr...
published: 22 Oct 2016
5:30
What is Trade Finance?
http://www.tradefinanceglobal.com/finance-products/trade-finance/
What is Trade Finance?
Transcript:
Hi, I’m Sam, and I want to tell you all about trade fina...
http://www.tradefinanceglobal.com/finance-products/trade-finance/
What is Trade Finance?
Transcript:
Hi, I’m Sam, and I want to tell you all about trade finance, and along the journey, this might even help your clients.
Did you know, around 80-90% of global trade is reliant on trade and supply chain finance, which is estimated to be worth around $10 trillion US dollars a year.
We want to help explain some of the concepts behind trade finance, should it ever be useful for you to explain or help your clients.
Sometimes banks might not be the best funding option. We’ve seen increasing regulation, reduced standard lending, and SMEs finding it difficult to access finance from traditional means. Is this really the case?
Absolutely not! At Trade Finance Global, we help companies find debt funding. We’re impartial, flexible and work with most funders on the market to ensure SMEs really do get the most appropriate source of funding to help them grow.
So what do we offer? In a nutshell, we offer business finance solutions, through our network of lenders to companies.
This video covers trade finance – which is one type of debt finance, how it works, and everything you need to know to explain it.
What is trade finance? Trade finance is an umbrella term encompassing many types of debt finance, including those which we offer, such as, invoice finance, factoring, letters of credit, forfaiting, export credit, open account, cash advance, documentary collections, guarantees and structured finance– some of which we will discuss in later videos.
Today we’ll be talking to you about core ‘trade finance’ and how it works.
Most people think that trade finance involves international trade, however, it often just involves domestic or internal trade.
So, how does it work?
A trade finance transaction will require a seller of goods and services as well as a buyer. A lender would come in and fund this trade.
Trade finance is relevant where a seller requires a buyer to prepay for goods shipped.
In traditional long-standing relationships, there is often a lot of trust between the seller and the buyer, where they may trade on open account terms. However, in most trading relationships, trade finance will be used.
What is needed?
As an example, the buyer wants to reduce their risk by asking the seller to document that the goods have been shipped.
The buyer’s bank assists by providing a letter of credit to the seller (or the seller’s bank) providing for payment upon presentation of certain documents, such as a bill of lading.
The type of document used in the process depends on the nature of the transaction and how evidence of performance can be shown (i.e. bill of lading to show shipment).
Trade finance is the type of finance used by buyers and sellers to assist with the trade cycle funding gap. So, if you’re a UK buyer purchasing clothes from China, you might use a trade finance facility to mitigate and reduce risk.
Lenders who assist with bridging this finance gap will normally require a number of elements to make sure that the transactions are safe, effective and secure.
They will ensure:
- Control the financial elements of the transaction
- Monitor the trade cycle throughout the trade
- Security of the goods and the debt, which is also known as a receivable
What’s the risk?
When trading goods, either the buyer or the seller will have to take some form of risk.
A seller wants payment upfront, whilst a buyer would want to defer payment by receiving some form of credit terms.
So how does trade finance help?
It’s often difficult to convince a seller to provide extended payment terms, as they normally want the cash upfront.
This is particularly difficult when trading with unfamiliar partners.
Paying sellers up front for goods can be difficult when businesses are under pressure to sell products on to their end customers.
With trade finance, payments are made directly to UK or overseas sellers, which bridges the funding gap between paying suppliers and being paid by customers.
At Trade Finance Global, we know that standard forms of debt don’t work, and most business owners are not keen to put up standard security.
Within trade finance, instead, it’s possible to use purchase orders, invoices, insurance and goods to be used as security.
So, how does it work?
Using a Trade Finance facility is straightforward:
1. Firstly, an order is placed with a supplier;
2. The funder then pays the seller upon guarantee of the goods being shipped.
3. Goods are shipped and delivered to the end customers of the company and
4. Finally, the buyer repays the lender. Depending on what is agreed, this may be within 90 days from the transaction date
https://wn.com/What_Is_Trade_Finance
http://www.tradefinanceglobal.com/finance-products/trade-finance/
What is Trade Finance?
Transcript:
Hi, I’m Sam, and I want to tell you all about trade finance, and along the journey, this might even help your clients.
Did you know, around 80-90% of global trade is reliant on trade and supply chain finance, which is estimated to be worth around $10 trillion US dollars a year.
We want to help explain some of the concepts behind trade finance, should it ever be useful for you to explain or help your clients.
Sometimes banks might not be the best funding option. We’ve seen increasing regulation, reduced standard lending, and SMEs finding it difficult to access finance from traditional means. Is this really the case?
Absolutely not! At Trade Finance Global, we help companies find debt funding. We’re impartial, flexible and work with most funders on the market to ensure SMEs really do get the most appropriate source of funding to help them grow.
So what do we offer? In a nutshell, we offer business finance solutions, through our network of lenders to companies.
This video covers trade finance – which is one type of debt finance, how it works, and everything you need to know to explain it.
What is trade finance? Trade finance is an umbrella term encompassing many types of debt finance, including those which we offer, such as, invoice finance, factoring, letters of credit, forfaiting, export credit, open account, cash advance, documentary collections, guarantees and structured finance– some of which we will discuss in later videos.
Today we’ll be talking to you about core ‘trade finance’ and how it works.
Most people think that trade finance involves international trade, however, it often just involves domestic or internal trade.
So, how does it work?
A trade finance transaction will require a seller of goods and services as well as a buyer. A lender would come in and fund this trade.
Trade finance is relevant where a seller requires a buyer to prepay for goods shipped.
In traditional long-standing relationships, there is often a lot of trust between the seller and the buyer, where they may trade on open account terms. However, in most trading relationships, trade finance will be used.
What is needed?
As an example, the buyer wants to reduce their risk by asking the seller to document that the goods have been shipped.
The buyer’s bank assists by providing a letter of credit to the seller (or the seller’s bank) providing for payment upon presentation of certain documents, such as a bill of lading.
The type of document used in the process depends on the nature of the transaction and how evidence of performance can be shown (i.e. bill of lading to show shipment).
Trade finance is the type of finance used by buyers and sellers to assist with the trade cycle funding gap. So, if you’re a UK buyer purchasing clothes from China, you might use a trade finance facility to mitigate and reduce risk.
Lenders who assist with bridging this finance gap will normally require a number of elements to make sure that the transactions are safe, effective and secure.
They will ensure:
- Control the financial elements of the transaction
- Monitor the trade cycle throughout the trade
- Security of the goods and the debt, which is also known as a receivable
What’s the risk?
When trading goods, either the buyer or the seller will have to take some form of risk.
A seller wants payment upfront, whilst a buyer would want to defer payment by receiving some form of credit terms.
So how does trade finance help?
It’s often difficult to convince a seller to provide extended payment terms, as they normally want the cash upfront.
This is particularly difficult when trading with unfamiliar partners.
Paying sellers up front for goods can be difficult when businesses are under pressure to sell products on to their end customers.
With trade finance, payments are made directly to UK or overseas sellers, which bridges the funding gap between paying suppliers and being paid by customers.
At Trade Finance Global, we know that standard forms of debt don’t work, and most business owners are not keen to put up standard security.
Within trade finance, instead, it’s possible to use purchase orders, invoices, insurance and goods to be used as security.
So, how does it work?
Using a Trade Finance facility is straightforward:
1. Firstly, an order is placed with a supplier;
2. The funder then pays the seller upon guarantee of the goods being shipped.
3. Goods are shipped and delivered to the end customers of the company and
4. Finally, the buyer repays the lender. Depending on what is agreed, this may be within 90 days from the transaction date
- published: 07 Jul 2016
- views: 168672
10:11
Imports, Exports, and Exchange Rates: Crash Course Economics #15
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, e...
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids
https://wn.com/Imports,_Exports,_And_Exchange_Rates_Crash_Course_Economics_15
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids
- published: 20 Nov 2015
- views: 2284608
0:58
Trade Finance Global (TFG) Introductory Video
Trade Finance Global are experts in structured and trade finance, helping companies to trade, import or export goods and services.
We have a network of over 2...
Trade Finance Global are experts in structured and trade finance, helping companies to trade, import or export goods and services.
We have a network of over 270 banks, funds and alternative lenders across different geographies, allowing us to help almost any trading company to access finance.
https://wn.com/Trade_Finance_Global_(Tfg)_Introductory_Video
Trade Finance Global are experts in structured and trade finance, helping companies to trade, import or export goods and services.
We have a network of over 270 banks, funds and alternative lenders across different geographies, allowing us to help almost any trading company to access finance.
- published: 11 May 2018
- views: 3926
4:36
Incoterms for beginners | Global Trade Explained
Incoterms are international trade delivery terms that cover who is responsible for which part of the logistics process. Incoterms 2020 is the latest version and...
Incoterms are international trade delivery terms that cover who is responsible for which part of the logistics process. Incoterms 2020 is the latest version and the one we'll be focusing on in this video, but we'll also be making some comparisons with Incoterms® 2000.
This is a very easy and simplified tutorial, so anyone with no prior trade experience can quickly learn the basics of Incoterms: EXW, FOB, CFR, CIF, DDU, and DDP / DAP. We will explain the meaning of each of these terms with graphics and examples.
📌 NAVIGATION:
0:00 - What are Incoterms?
0:39 - Incoterms Basics
1:24 - EXW (Ex Works)
1:48 - FOB (Free on Board)
2:31 - CFR & CIF (Cost & Freight, Cost Insurance Freight)
3:05 - DDP & DDU / DAP (Delivery Duty Paid / Delivered at Place)
#Incoterms #Incoterms2020 #internationalTrade #SupplyChain #Shipping #sourcing #amazonseller #Alibaba #FOB #customs #tax #duty
⚠️DISCLAIMER:
The information provided throughout this video is for educational and informational purposes only.
It does not substitute professional consultation of financial, legal or any other nature.
Although TEXIN LTD is a sourcing agent, all the content shared on this channel does not constitute a service provider – client relationship.
Anyone can freely comment on this video, but before you do please remember to abide by YouTube’s regulations.
Keep discussions courteous. Racism, personal attacks, hate speech, baiting, trolling, doxing, etc., of any kind are not permitted and may be removed.
https://wn.com/Incoterms_For_Beginners_|_Global_Trade_Explained
Incoterms are international trade delivery terms that cover who is responsible for which part of the logistics process. Incoterms 2020 is the latest version and the one we'll be focusing on in this video, but we'll also be making some comparisons with Incoterms® 2000.
This is a very easy and simplified tutorial, so anyone with no prior trade experience can quickly learn the basics of Incoterms: EXW, FOB, CFR, CIF, DDU, and DDP / DAP. We will explain the meaning of each of these terms with graphics and examples.
📌 NAVIGATION:
0:00 - What are Incoterms?
0:39 - Incoterms Basics
1:24 - EXW (Ex Works)
1:48 - FOB (Free on Board)
2:31 - CFR & CIF (Cost & Freight, Cost Insurance Freight)
3:05 - DDP & DDU / DAP (Delivery Duty Paid / Delivered at Place)
#Incoterms #Incoterms2020 #internationalTrade #SupplyChain #Shipping #sourcing #amazonseller #Alibaba #FOB #customs #tax #duty
⚠️DISCLAIMER:
The information provided throughout this video is for educational and informational purposes only.
It does not substitute professional consultation of financial, legal or any other nature.
Although TEXIN LTD is a sourcing agent, all the content shared on this channel does not constitute a service provider – client relationship.
Anyone can freely comment on this video, but before you do please remember to abide by YouTube’s regulations.
Keep discussions courteous. Racism, personal attacks, hate speech, baiting, trolling, doxing, etc., of any kind are not permitted and may be removed.
- published: 07 Sep 2021
- views: 226721
2:07
Letter of Credit | Meaning & Process explained in International Trade
A Letter of Credit/LC is also known as a documentary credit. It is a document issued on the importer's behalf. Also, it acts as an economic guarantee for the ex...
A Letter of Credit/LC is also known as a documentary credit. It is a document issued on the importer's behalf. Also, it acts as an economic guarantee for the exporter as he is assured of the payment.
To have in-depth knowledge of the term, you can read our articles:- https://www.dripcapital.com/resources/blog/letter-of-credit-lc
https://www.dripcapital.com/resources/blog/types-of-letter-of-credit-lc
In this video, we have covered:-
1. What is a Letter of Credit
2. Why is it required
3. How it works
https://wn.com/Letter_Of_Credit_|_Meaning_Process_Explained_In_International_Trade
A Letter of Credit/LC is also known as a documentary credit. It is a document issued on the importer's behalf. Also, it acts as an economic guarantee for the exporter as he is assured of the payment.
To have in-depth knowledge of the term, you can read our articles:- https://www.dripcapital.com/resources/blog/letter-of-credit-lc
https://www.dripcapital.com/resources/blog/types-of-letter-of-credit-lc
In this video, we have covered:-
1. What is a Letter of Credit
2. Why is it required
3. How it works
- published: 16 Jun 2021
- views: 58320
8:37
Trade Finance Basic Concepts | Methods of Payment | Parties Involved
Are you new to trade finance or are interested to know about it?
This tutorial gives an introduction to trade finance so that you can slowly go deeper into lear...
Are you new to trade finance or are interested to know about it?
This tutorial gives an introduction to trade finance so that you can slowly go deeper into learning a Letter of Credit, Documentary Collections and all other aspects of trade finance.
⭐️⭐️Our courses are chosen by international banks and corporates to train their employees.
🚀For our trade finance courses -
https://www.bankon.school/courses/trade-finance-letter-of-credit-incoterms
✅For our SWIFT ISO 20022 courses - https://www.bankon.school/courses/swift-mt-mx-iso-20022-message-types
Here we discuss
What are the different roles or players in the export-import or trade finance business?
What are the payment methods in trade finance?
We give an example of the Advance payment method in trade finance.
We also give an example of the Open Account or Cash on Delivery Method in trade finance.
We explain in brief what is Documentary Collections or Collections of documents in trade finance and what is a Letter of Credit.
We discuss in short the difference between the Letter of Credit and Collection of Documents.
We also discuss the similarities of the Letter of Credit and Documentary Collections.
We discuss in brief the publications of the International Chamber of Commerce(ICC) like UCP/ UCPDC 600, ISBP 745, URC 522, Incoterms 2010, etc
SUBSCRIBE HERE - https://bit.ly/2Xu68WD
WATCH OUR LATEST VIDEO HERE - https://bit.ly/latesttutorial
#tradefinance
#internationaltradefinance
#methodsofpayment
0:00 Introduction
0:20 Roles/Players in International Trade
2:44 Movements in international trade
3:23 Methods of payment
5:21 Overview of Collections and Letter of Credit
7:21 ICC Publications for trade finance
https://wn.com/Trade_Finance_Basic_Concepts_|_Methods_Of_Payment_|_Parties_Involved
Are you new to trade finance or are interested to know about it?
This tutorial gives an introduction to trade finance so that you can slowly go deeper into learning a Letter of Credit, Documentary Collections and all other aspects of trade finance.
⭐️⭐️Our courses are chosen by international banks and corporates to train their employees.
🚀For our trade finance courses -
https://www.bankon.school/courses/trade-finance-letter-of-credit-incoterms
✅For our SWIFT ISO 20022 courses - https://www.bankon.school/courses/swift-mt-mx-iso-20022-message-types
Here we discuss
What are the different roles or players in the export-import or trade finance business?
What are the payment methods in trade finance?
We give an example of the Advance payment method in trade finance.
We also give an example of the Open Account or Cash on Delivery Method in trade finance.
We explain in brief what is Documentary Collections or Collections of documents in trade finance and what is a Letter of Credit.
We discuss in short the difference between the Letter of Credit and Collection of Documents.
We also discuss the similarities of the Letter of Credit and Documentary Collections.
We discuss in brief the publications of the International Chamber of Commerce(ICC) like UCP/ UCPDC 600, ISBP 745, URC 522, Incoterms 2010, etc
SUBSCRIBE HERE - https://bit.ly/2Xu68WD
WATCH OUR LATEST VIDEO HERE - https://bit.ly/latesttutorial
#tradefinance
#internationaltradefinance
#methodsofpayment
0:00 Introduction
0:20 Roles/Players in International Trade
2:44 Movements in international trade
3:23 Methods of payment
5:21 Overview of Collections and Letter of Credit
7:21 ICC Publications for trade finance
- published: 21 Dec 2019
- views: 132008
6:42
International Trade Explained | World101
Trade determines what you can buy and where you can work. It can affect hormone levels in a supermarket chicken, the pictures printed on cigarette packages, and...
Trade determines what you can buy and where you can work. It can affect hormone levels in a supermarket chicken, the pictures printed on cigarette packages, and minimum wage laws around the world. Trade is one of the most complex issues we face today in our globalized economy. Trade disputes, deficits, tariffs and the institutions that deal with it on an international level are all dependent on foreign policy. To learn more about Trade and its connection to foreign policy visit our Trade module: https://on.cfr.org/4c7Anq7
Sign up for the CFR Education Newsletter to receive global affairs resources like this straight to your inbox: https://link.cfr.org/join/66n/hp-cfr-education-youtube
Subscribe to our channel for more videos that cover the issues, trends, and concepts you need to know to navigate our complicated world: https://www.youtube.com/world101_cfr?sub_confirmation=1
World101 is a growing library of free educational resources that makes complex international relations and foreign policy issues accessible to learners both inside and outside of formal academic settings. For more videos, as well as interactive maps, infographics, quizzes, and online teaching resources, visit our website: https://world101.cfr.org
CFR Education is an initiative within the Council on Foreign Relations that aims to make complex foreign policy and international issues accessible for high school and college students through its educational products: World101, Model Diplomacy, and Convene the Council.
Visit our website: https://education.cfr.org/
Follow us on social media:
Facebook: https://www.facebook.com/CFR_Education
Twitter: https://twitter.com/CFR_Education
Download transcript: https://world101.cfr.org/sites/default/files/video-transcripts/2019/04/Transcript%20An%20Overview%20of%20Trade.pdf
#teaching #world101 #trade #globalEraIssues
https://wn.com/International_Trade_Explained_|_World101
Trade determines what you can buy and where you can work. It can affect hormone levels in a supermarket chicken, the pictures printed on cigarette packages, and minimum wage laws around the world. Trade is one of the most complex issues we face today in our globalized economy. Trade disputes, deficits, tariffs and the institutions that deal with it on an international level are all dependent on foreign policy. To learn more about Trade and its connection to foreign policy visit our Trade module: https://on.cfr.org/4c7Anq7
Sign up for the CFR Education Newsletter to receive global affairs resources like this straight to your inbox: https://link.cfr.org/join/66n/hp-cfr-education-youtube
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Download transcript: https://world101.cfr.org/sites/default/files/video-transcripts/2019/04/Transcript%20An%20Overview%20of%20Trade.pdf
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- published: 18 Jun 2019
- views: 412259
2:07
Global Trade Finance Gap Widens to $1.7 Trillion on Covid-19
Oct.11 -- The latest survey from the Asian Development Bank says the global trade finance gap rose to $1.7 trillion las year as Covid-19 sent shockwaves through...
Oct.11 -- The latest survey from the Asian Development Bank says the global trade finance gap rose to $1.7 trillion las year as Covid-19 sent shockwaves through trade and supply chains. Bloomberg’s Enda Curran reports on “Bloomberg Daybreak: Asia.”
https://wn.com/Global_Trade_Finance_Gap_Widens_To_1.7_Trillion_On_Covid_19
Oct.11 -- The latest survey from the Asian Development Bank says the global trade finance gap rose to $1.7 trillion las year as Covid-19 sent shockwaves through trade and supply chains. Bloomberg’s Enda Curran reports on “Bloomberg Daybreak: Asia.”
- published: 12 Oct 2021
- views: 7029
31:16
Japan Inc. | Jeff's World with Jeffrey Kleintop & Lee Bohl | 2-26-24
Jeff's World with Jeffrey Kleintop & Lee Bohl | 2-26-24
Characteristics and Risks of Standardized Options. https://bit.ly/2v9tH6D
Today we covered the reasons ...
Jeff's World with Jeffrey Kleintop & Lee Bohl | 2-26-24
Characteristics and Risks of Standardized Options. https://bit.ly/2v9tH6D
Today we covered the reasons Japan's stock market is at highs, and examined factors that may power a new move higher.
Jeff’s World features actionable insights from Schwab’s Chief Global Investment Strategist on developments and trends around the world and what they may mean for investors. No matter where or what you invest in, the ever changing outlook for global economies, policies, and trends offers risks and potential opportunities.
Join Jeff and Lee Bohl for this interactive segment.
0620-0252
Options involve risks and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options carefully before trading.
https://wn.com/Japan_Inc._|_Jeff's_World_With_Jeffrey_Kleintop_Lee_Bohl_|_2_26_24
Jeff's World with Jeffrey Kleintop & Lee Bohl | 2-26-24
Characteristics and Risks of Standardized Options. https://bit.ly/2v9tH6D
Today we covered the reasons Japan's stock market is at highs, and examined factors that may power a new move higher.
Jeff’s World features actionable insights from Schwab’s Chief Global Investment Strategist on developments and trends around the world and what they may mean for investors. No matter where or what you invest in, the ever changing outlook for global economies, policies, and trends offers risks and potential opportunities.
Join Jeff and Lee Bohl for this interactive segment.
0620-0252
Options involve risks and are not suitable for all investors. Please read the Characteristics and Risks of Standardized Options carefully before trading.
- published: 26 Feb 2024
- views: 437
6:27
Letters of Credit - What is a Letter of Credit (Trade Finance Global LC Guide)
Visit https://www.tradefinanceglobal.com/letters-of-credit/ for the TFG Letter of Credit Guide
A Letter of Credit is relevant where there is an exporter and an...
Visit https://www.tradefinanceglobal.com/letters-of-credit/ for the TFG Letter of Credit Guide
A Letter of Credit is relevant where there is an exporter and an importer; and there needs to be prepayment or a confirmation of payment in order for goods to be shipped.
A letter of credit is an instrument from a bank, which guarantees a buyer's payment to a seller if certain criteria are met.
If the buyer can’t pay up, due to the agreed contract through the Letter of Credit, the bank will cover the remaining price.
Letters of Credit are fundamental components of international trade. They’re governed universally by a set of guidelines called the UCP 600, which are issued by the International Chamber of Commerce.
An LC is a promise written on a legal document that comes from a bank with a promise to pay the holder if the holder fulfills certain obligations. Obligations include payment when the goods are shipped if certain criteria are met.
A Letter of Credit is usually used when the buyer and seller do not know each other well and this is why it is used so frequently in international trade.
Letters of Credit are incredibly specific and a close attention to detail is required. If there is a misspelling in the contract, for example, the name of the goods is incorrectly spelt, there may be non-payment until a new, corrected LC is issued and accepted.
https://wn.com/Letters_Of_Credit_What_Is_A_Letter_Of_Credit_(Trade_Finance_Global_Lc_Guide)
Visit https://www.tradefinanceglobal.com/letters-of-credit/ for the TFG Letter of Credit Guide
A Letter of Credit is relevant where there is an exporter and an importer; and there needs to be prepayment or a confirmation of payment in order for goods to be shipped.
A letter of credit is an instrument from a bank, which guarantees a buyer's payment to a seller if certain criteria are met.
If the buyer can’t pay up, due to the agreed contract through the Letter of Credit, the bank will cover the remaining price.
Letters of Credit are fundamental components of international trade. They’re governed universally by a set of guidelines called the UCP 600, which are issued by the International Chamber of Commerce.
An LC is a promise written on a legal document that comes from a bank with a promise to pay the holder if the holder fulfills certain obligations. Obligations include payment when the goods are shipped if certain criteria are met.
A Letter of Credit is usually used when the buyer and seller do not know each other well and this is why it is used so frequently in international trade.
Letters of Credit are incredibly specific and a close attention to detail is required. If there is a misspelling in the contract, for example, the name of the goods is incorrectly spelt, there may be non-payment until a new, corrected LC is issued and accepted.
- published: 22 Oct 2016
- views: 239547