TFFE

As a banker, I will assist the exporter at different stages of the export process. From receiving the LC to realization of export proceeds, I will provide the necessary banking support. Advising Export LC: Receiving the LC from the issuing…

Trade finance facilities support import and export activities. These facilities can be broadly divided into funded and non-funded facilities. Nature: Funded facilities involve actual disbursement of money by the bank, whereas non-funded facilities involve a bank’s commitment or undertaking without…

A trade payment method is the way an importer pays the exporter for goods purchased in international trade. The four common methods are Advance Payment, Open Account, Documentary Collection, and Documentary Credit (LC). Advance Payment: In Advance Payment, the importer…

Distinguish between any four of the following (a) Nominal Exchange Rate and Real Exchange Rate (1) Nominal Exchange Rate is the quoted price of one currency in terms of another, whereas Real Exchange Rate adjusts the nominal rate for the…

Question 4: As a Head of the International Trade Division of your bank, how would you deal with the following situations under UCPDC-600? (a) An amendment reduces the LC amount from USD 50,000 to USD 30,000, and the beneficiary fails…

Question 9: As an official of the International Trade Division of your bank, how would you deal with the following situations under UCPDC-600? (a) Your customer has presented export documents for negotiation under an irrevocable Letter of Credit, but you…