Since documentary collection is not a risk mitigation tool, it is appropriate to use this form of payment with caution to advise operators to follow a scientific approach in the management of this payment instrument.
TFG heard from Trade & Export Finance Specialist, Domenico Del Sorbo on practical aspects of payment instructions in international trade.
Trade digitization and electronic documents will be the new-norm as a result of the COVID19 pandemic which will accelerate the transformation process.
When exchanging goods and services overseas, you’ll often come across important trade terms such as bills of exchange, prom notes and trade bills. We’ve quickly summarised the three terms, and… read more →
In brief, Bill discounting and Invoice factoring are types of financial instruments that are used to provide capital to SME’s from invoices raised. It is an essential tool in today’s… read more →