How Trade Finance is Beneficial for our Business
Trade Finance allows you to move products around the world and participate in international business. If you are thinking of importing your first product or expanding your company’s export trade, you need to know about trade finance. Trade finance is a type of finance used by businesses to promote international trade . Trade finance is a general term that covers many of the financial products that banks and businesses use to promote trade. Simply put, trade finance is basically import/export finance. With TIM, companies considering initiating foreign trade or import/export can set up both accounts and if they deem appropriate as part of a single flexible and comprehensive trade finance package. You can use them. Letters of credit, credits, confiscations, export credits and finance, and factoring are examples of trade finance. The trade finance process involves multiple parties, including buyers and sellers, trade finance companies, export c...