Finance of International Trade

Export and import prices. Payments on ‘open account’. Bills of exchange. Documentary credits and allied documents. Transferable credits. Back to back credits. Revolving credits. Red clause credits. Acceptance credits. Factoring. Bank finance for exports. Finance guaranteed by the ECGD. Less common forms of trade. Changing methods of payment
  • Alan E. Branch


In the days when the United Kingdom had extensive overseas investments and a dominant position in world trade, business was fairly straightforward for British exporters. They encountered few foreign exchange problems, as most transactions were conducted in sterling, and the seller’s market that prevailed allowed them to dictate terms and to grant or refuse credit as they wished.


Cash Flow International Trade Open Account Credit Term Bank Finance 


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Copyright information

© A. E. Branch 1982

Authors and Affiliations

  • Alan E. Branch
    • 1
  1. 1.Reading, BerkshireUK

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