3 trade finance approaches that can work for your export business. NEW VIDEOS. (Export Today.)
International Trade Administration sent this bulletin at 09/01/2021 08:45 AM EDT
Will a different trade finance approach work for your export business?
Attractive payment terms can be the deciding factor in winning an export deal. Among the trade finance options*, here are three to consider. With our NEW VIDEOS to watch now, you'll learn how they work, advantages and other considerations.
Cash-in-advance - the most secure method of payment, but not the most attractive for foreign buyers
Forfaiting - exporters can obtain cash by selling their medium and long-term foreign accounts receivable at a discount to a forfaiter
Documentary Collections - an approach used for merchandise and commodity exports, generally with an established and ongoing customer