Can Standardization Aid in the Fight Against Trade Finance Fraud?

This topic has 2 replies, 2 voices, and was last updated 2 years, 1 month ago by Francis Amal Raj.

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
May 27, 2022 at 11:06 am #642

Francis Amal Raj
Participant

Can Standardization Aid in the Fight Against Trade Finance Fraud?

May 27, 2022 at 12:53 pm #1082
Rasvya Banu
Participant
One simple method for ensuring currency exchange rate, payments and delivery is for the importer’s banker to issue a transaction guarantee in the exporter’s favour, allowing the exporter to complete the delivery and accept cash under the collection. The importer’s bank provides a transaction assurance for the exporter, securing shipment, fee, and an exchange rate. To make sure participants understand the exchange rate applied at the point of transaction, the parties must sign an FX contract with the concerned banks.
- This reply was modified 2 years, 1 month ago by Carin G Hansen.
- This reply was modified 1 year, 10 months ago by Carin G Hansen.
May 27, 2022 at 3:00 pm #1088

Francis Amal Raj
Participant

Appreciate your fast reply. The data presented here is extraordinarily beneficial.
Author

Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.