Trade Finance Definition: Trade finance refers to the financial instruments and tools that banks and financial institutions offer to exporters and importers to streamline international trade. It helps businesses manage the risks and complexities associated with cross-border transactions. There are…
Genuine Standby Letters of Credit (SBLC) Providers- Who Are They? A genuine Standby Letters of Credit (SBLC) provider is a bank or financial institution like General Credit Finance and Development Limited that issues Standby Letters of Credit (SBLCs), Bank Guarantees (BGs), and other…
What is Standby Letter of Credit (SBLC) Monetization? Standby Letter of Credit (SBLC) monetization involves converting a Standby Letter of Credit (SBLC) into cash or a non-recourse loan. Essentially, it allows the holder of the Standby Letter of Credit (SBLC)…
What is International Trade? International (Global) Trade is the exchange of goods, services, and capital across international borders. It involves countries importing and exporting products to meet domestic demands, leverage competitive advantages, and enhance economic growth. Global Trade is the…