Trade Finance Forum › Forums › Market Regulations › Risk Analysis › How to assess and manage various types of risks in trade finance. › Reply To: How to assess and manage various types of risks in trade finance.
January 22, 2023 at 12:37 pm
#1860
![](https://www.tradefinanceforum.org/wp-content/uploads/2022/11/Nithi-Belliraj-96x96.jpg)
Participant
Hai
International trade has particular characteristics that give rise to different types of risks. The primary risks are:
- Product risks
- Manufacturing risks
- Transport risks
- Currency risks
- Country risk
- Corporate risk
- Commercial risk
- Fraud risk
- Documentary risk
Managing risk is a collaborative, cross-functional and big-picture effort. ISO’s five-step risk management process comprises the following and can be used by any type of entity:
- Identify the risks.
- Analyze the likelihood and impact of each one.
- Prioritize risks based on business objectives.
- Treat (or respond to) the risk conditions.
- Monitor results and adjust as necessary.
Search Forums
Join our forum
Topic Views List
Forum Statistics
- Registered Users
- 77
- Forums
- 16
- Topics
- 210
- Replies
- 424
- Topic Tags
- 8