Cover image for Global trade financing
Title:
Global trade financing
Author:
Venedikian, Harry M.
Personal Author:
Publication Information:
New York : Wiley, [2000]

©2000
Physical Description:
xi, 500 pages ; 24 cm.
General Note:
Includes index.
Language:
English
Added Author:
ISBN:
9780471352600
Format :
Book

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Summary

Summary

"Current trends toward financial deregulation in the United States and massive increases in the need for trade-related credit and financing worldwide have created export-import markets of unprecedented depth and complexity."-from Global Trade Financing

The definitive book in its field for more than twenty-five years, Global Trade Financing (formerly titled Export-Import Financing) provides global traders, U.S. and foreign bankers, and students of global commerce with a complete and in-depth guide to every aspect of global trade financ- ing. Inside, you'll find the latest techniques and vehicles for financing all types of export and import operations at every stage of the process. You'll also discover:
* Strategies for transition to the Euro
* Hedging techniques including high-yield derivatives
* New areas of import-export risk
* Recent regulations governing documentary credit
* Current financing rules

Written by experts in the field, this book begins with an overview of the most important organizations that make contributions to the financing of trade and related services. The authors trace past and present trends in world trade and investment flows while evaluating the impact that these have on financial institutions and vehicles. Detailed descriptions are also provided on the services of commercial banks as well as the key private nonbank institutions that may be of financial assistance to exporters and importers. In Part 2, the steps involved with executing a transaction are spelled out along with the rights and responsibilities of the various parties involved. The general types of sales contracts and their major provisions are discussed with helpful tips to prevent any misunderstanding and conflict between the parties. And to reduce the risk of financial loss, hedging techniques for foreign exchange and ocean marine insurance are thoroughly covered.

Specific techniques and vehicles of unsecured and secured lending are introduced in Part 3. This section also shows how to use Eurocurrency to finance international trade and investment. And the authors explain how the various types of letters of credit can be used as financing tools.

Clearly written and easy to use, Global Trade Financing contains all the information you'll need to keep pace with the ever-changing nature of international finance.

Packed with invaluable information on how transactions are executed, the effects of recent legislation, and new financing techniques, Global Trade Financing (formerly titled Export-Import Financing) is certain to remain the key resource in the field. This book thoroughly covers every aspect of export-import financing including banking deregulation, international bank custody operations, bank involvement in insurance, and changes in the maritime industry. It also features a wide range of topics, from foreign trade definitions, bank guarantees, and risk management, to shipping and collection, and the latest legislation.

Written and organized for maximum clarity and accessibility, this comprehensive volume includes:
* The roles of commercial banks, private institutions, and governments in export-import financing, and how they interact
* How transactions are executed, including the role of foreign exchange and techniques for hedging
* The tools, techniques, and vehicles for financing all types of inter-national trade, from letters of credit to bankers' acceptances

The definitive guide for keeping pace with the ever-changing nature of international finance


Author Notes

HARRY M. VENEDIKIAN is an International Trade Officer at Chase Manhattan Bank. He is also a professor at New York University, Pace University, and the Amer-ican Institute of Banking where he teaches classes in international banking, trading, and management.

GERALD A. WARFIELD is the author of two previous financial books, The Investor's Guide to Stock Quotations and How to Buy Foreign Stocks and Bonds.


Table of Contents

List of Figuresp. xi
Part 1 Global Institutions, Facilities, and Servicesp. 1
1 The World of International Financing and Bankingp. 5
2 Commercial Banks in the United States and Abroadp. 36
3 Other Private Institutionsp. 61
4 U.S. Government and International Financial Institutionsp. 84
5 Foreign Credit Insurancep. 120
Part 2 Executing the Transactionsp. 141
6 The Sales Contractp. 143
7 Foreign Exchange Operationsp. 172
8 Shipping and Collectionp. 206
9 Ocean Marine and Air Cargo Insurancep. 233
Part 3 Financing Techniques and Vehiclesp. 261
10 Financing Techniquesp. 265
11 Eurocurrencyp. 300
12 Foreign Collectionsp. 328
13 Letters of Credit--Proceduresp. 354
14 Letters of Credit--Types and Usesp. 381
15 Recent Innovationsp. 410
Appendixes
1 The Export Trading Company Act of 1982p. 423
2 Export Credit Insurers of Major Countriesp. 443
3 Revised American Foreign Trade Definitionsp. 449
4 Programs of the Export-Import Bank of the United Statesp. 463
5 Guide to Federal Reserve Regulationsp. 477
Indexp. 489