Payment services The basic question of money transfers.
Collection of debts The heart of the matter — how to ensure that weget paid.
Extension of credit This involves ensuring that weget paid and the question of extending credit using, say, the bill of exchange.
Finance This may be for the exporter to fund completion of the contract or for the importer to help pay for goods.
Foreign exchange Sales/purchases of foreign currency spot, forward and by wayof options, which are discussed in Chapter 7.
Trading guarantees This covers many questions — quality of goods already paid for(importer), failure of chosen supplier to perform on award of a tender (importer), insurance against political risk, sudden withdrawal of export licences (exporter).
Miscellaneous This involves market intelligence, letters of introduction, correspondent banking facilities and similar services.
KeywordsCredit Union Political Risk Performance Bond Export Credit Advance Payment
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