Trade Finance: A Pragmatic Approach

The global trading system is undergoing a period of transition. Shifting economic circumstances, major advances in technology and the emergence of new players all underscore that we are on the edge of major change. Persistent imbalances continue to be a cause of concern in some major economies. In such a climate of uncertainty only one thing is certain- that there is a great need to strengthen the global trading system. Based on the authors' work and experience as practitioners Trade Finance addresses key topics relating to a gamut of international trade: letters of credit mechanism, collections of bills, trade customs and practice, and more. Dealing with complicated implementation issues in a forthright and comprehensive fashion, it will rapidly become an essential tool for navigating solutions to international trade finance, for both beginners as well as industry practitioners.