Reply To: What role do banks play in international trade?

[Anonymous]

Commercial banks are intermediaries who move money effortlessly from capital markets to institutions or businesses. They facilitate international business and increase the reliability of the movement of funds. Banks get money from service fees, deposit accounts, LOC (letters of credit) and CDs (certificates of deposit). The services offered by commercial banks include project finance, trade finance, foreign exchange trade and transaction, payroll, corporate finance and lock boxes to collect payments.