Résumé
"Current trends toward financial deregulation in the United
States and massive increases in the need for trade-related
credit and financing worldwide have created export-import
markets of unprecedented depth and complexity."?from Global
Trade Financing The definitive book in its field for more
than twenty-five years, Global Trade Financing (formerly
titled Export-Import Financing) provides global traders,
U.S. and foreign bankers, and students of global commerce
with a complete and in-depth guide to every aspect of
global trade financ- ing. Inside, you?ll find the latest
techniques and vehicles for financing all types of export
and import operations at every stage of the process. You?ll
also discover: Strategies for transition to the Euro
Hedging techniques including high-yield derivatives New
areas of import-export risk Recent regulations governing
documentary credit Current financing rules Written by
experts in the field, this book begins with an overview of
the most important organizations that make contributions to
the financing of trade and related services. The authors
trace past and present trends in world trade and investment
flows while evaluating the impact that these have on
financial institutions and vehicles. Detailed descriptions
are also provided on the services of commercial banks as
well as the key private nonbank institutions that may be of
financial assistance to exporters and importers. In Part 2,
the steps involved with executing a transaction are spelled
out along with the rights and responsibilities of the
various parties involved. The general types of sales
contracts and their major provisions are discussed with
helpful tips to prevent any misunderstanding and conflict
between the parties. And to reduce the risk of financial
loss, hedging techniques for foreign exchange and ocean
marine insurance are thoroughly covered. Specific
techniques and vehicles of unsecured and secured lending
are introduced in Part 3. This section also shows how to
use Eurocurrency to finance international trade and
investment. And the authors explain how the various types
of letters of credit can be used as financing tools.
Clearly written and easy to use, Global Trade Financing
contains all the information you?ll need to keep pace with
the ever-changing nature of international finance. Packed
with invaluable information on how transactions are
executed, the effects of recent legislation, and new
financing techniques, Global Trade Financing (formerly
titled Export-Import Financing) is certain to remain the
key resource in the field. This book thoroughly covers
every aspect of export-import financing including banking
deregulation, international bank custody operations, bank
involvement in insurance, and changes in the maritime
industry. It also features a wide range of topics, from
foreign trade definitions, bank guarantees, and risk
management, to shipping and collection, and the latest
legislation. Written and organized for maximum clarity and
accessibility, this comprehensive volume includes: The
roles of commercial banks, private institutions, and
governments in export-import financing, and how they
interact How transactions are executed, including the role
of foreign exchange and techniques for hedging The tools,
techniques, and vehicles for financing all types of
inter-national trade, from letters of credit to bankers?
acceptances The definitive guide for keeping pace with the
ever-changing nature of international finance GLOBAL
INSTITUTIONS, FACILITIES, AND SERVICES. The World of
International Financing and Banking. Commercial Banks in
the United States and Abroad. Other Private Institutions.
U.S. Government and International Financial Institutions.
Foreign Credit Insurance. EXECUTING THE TRANSACTIONS. The
Sales Contract. Foreign Exchange Operations. Shipping and
Collection. Ocean Marine and Air Cargo Insurance. FINANCING
TECHNIQUES AND VEHICLES. Financing Techniques.
Eurocurrency. Foreign Collections. Letters of
Credit?Procedures. Letters of Credit?Types and Uses. Recent
Innovations. Appendices. Index.