Fitt Case Study

887 words - 4 pages

FITTskills: International
Trade Finance
Sixth Edition

Course Objectives

Define and discuss the “Four Pillars” of trade finance—
payment facilitation, risk management, financing and the
provision of information related to a transaction

Describe the impact of technology on trade finance

Describe the major products and services related to trade
finance, including the role and requirement of each party
to a transaction

Discuss the importance of export credit agencies and
international financial institutions in international trade

Describe the importance of adequate planning relative to
the financial aspects of international trade

10/20/2015
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an export transaction between Canada and the
United States,

2.

an import of highly price-volatile commodities
from Eastern Europe to Germany,

3.

a component import transaction between affiliate
companies operating in South America and Asia.

TF Ch 1-14

Gaining the upper hand

Trade finance as a competitive advantage:

Exporters can gain advantage by providing
competitive financing as part of the sale

Increasingly, financing is expected by
importers, and is part of the ‘price of entry’

Securing low-cost financing can increase the
overall profitability of a transaction for both
buyer and seller

TF Ch 1-15

Banks, ECAs and IFIs

Banks, financial institutions and other
providers of trade finance

Export credit agencies (ECAs)

International Financial Institutions (IFIs) or
multilateral programs that support
confirmations of locally issued L/Cs through
guarantee mechanisms
The interrelationship of these
organizations is key to sustaining trade
TF Ch 1-16

Non-bank providers

Other trade service providers seeking to
extend their value proposition

Focus on supply chain and Open Account

Couriers and shippers, such as UPS provide
niche financing solutions; GE Capital is
active in trade finance

Investment and hedge fund managers also
realize...

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