International Trade Finance And Forex Operations Theory And Application | Asian Studies

This book bridges the existing gap between the theory and practices related to international finance. It discusses banking theories and operational procedures relating to the methods of payment with special reference to Letters of credit (LCs) like revolving LCs back-to-back LCs transferable LCs and standby LCs with specific applications of documentary discrepancies. Moreover this book discusses merchanting trade buyers’ credit and supplier’s credit and bank guarantees with many practical caselets linked to the applications of the International Chamber of Commerce (ICC) and other regulatory rules. It also examines the various roles of banks in financing international trade which are extensively discussed through several cases. This volume: Explains in-depth the intricacies and discrepancies relating to the documentation involved in international trade Presents in detail the various steps of executing an export or import deal right from signing of the contract managing pre-shipment credit and booking a forward contract to hedge the exchange rate risk till the closing of the deal Gives a comprehensive account of all trade finance products with processes and procedures rules and regulations and risks and mitigates Discusses the application of ICC rules through detailed case-lets which helps an exporter take necessary actions when the payment is denied by a party overseas or how an importer can simply deny the payment if there is documentary noncompliance Scrutinises different types of forex transactions the regulatory framework within which they take place and the associated risks and solutions Attempts to resolve the existing disparity in the understanding and interpretation of regulatory guidelines and the practices adopted by banks and corporate houses in implementing them. Accessibly written this book will be useful to students researchers and teachers from the fields of management business studies international trade and treasury operations finance international banking trade and commerce and economics. This will also be an invaluable companion to the professionals working in export–import businesses foreign exchange businesses treasury front-office and back-office operations bureaucrats and public policymakers. |International Trade Finance and Forex Operations Theory and Application | Asian Studies