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The Role of International Bank Guarantees in Global Trade

International Bank Guarantees is a written undertaking issued by a bank as a commitment to assure the payment to the seller; in case of failure of payment terms from the buyer’s end. Bank Guarantees play a vital role in the global trade market by creating assurance between the buyer / the seller. Bank Guarantees will give confidence among the contractors and traders that their trade deal will end up well without any hitch. To bring a clear outline of the Letter of Guarantee, here we have come with an example. For instance: – Company X requires $4 Million worth of […]

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What Is The Procedure For Applying Trade Finance Facilities?

Have a million dollars worth of deal pending in your hand? Can’t be able to precede the deal due to lack of cash flow? Most traders don’t always have a million dollars sitting in their bank account, as they utilized it to manage other core businesses. So, to carry out their transaction and to secure their deal, they used to get help from trade finance facilities. Trade Finance Facilities – Definition It acts as a complete solution that includes a wide range of financial tools that helps buyers and sellers to conclude their transaction faster and even secure. The instruments […]

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How Does Trade Finance Work for Importers and Exporters?

Expanding business means finding new clients & gaining profits. It seems to be easy to earn profits by doing global trade. Even though, today’s market seems to be planned; there are a few risks involved. That’s why Trade Finance Providers have come up with the solution to help traders to secure their trade from risks and to improve the cash flow. What is Trade Finance? Trade Finance states financing for both domestic and global transactions. This term act as an umbrella term that covers a complete solution. Also, it includes -Letter of Credit, SBLC MT760, Bank Guarantee MT760, and Performance […]

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