Five types of trade finance that facilitate global trade
Trade finance is a broad term that encompasses a variety of instruments and techniques that are used to finance global trade. With rapid technological advancements, rising geopolitical tensions, and global economic shutdowns, the trade finance sector as a whole has undergone significant transformations over the past decade. Pre-export and post-export trade finance can still be used to determine a company’s capital requirements or a person’s cash flow availability. Suppliers and supply chain management is crucial to trade finance; the different actors in any global supply chain may use financing products…
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