Frequently Asked Questions
A letter of credit provides a secure payment method, while open account transactions are based on trust between the buyer and seller.
Trade finance helps mitigate risks like currency exchange rate fluctuations, political instability, and counterparty risk.
Supply chain financing involves financing transactions at different points within the supply chain, from the purchase of raw materials to final delivery.
Trade finance is accessible to businesses of all sizes engaging in international trade, offering flexibility for growth.
The time to secure trade finance can vary, but efficient documentation and well-established relationships can expedite the process.
While not always necessary, a local trade finance provider can simplify transactions and provide insight into local regulations.