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by Stephen Atallah (Author)
Virtually every business in the world uses some form of trade or supply chain finance to manage its working capital needs. This book delivers, in clear and precise terms, the first truly comprehensive and practical guide to understanding contemporary international and domestic trade finance, making it easily accessible to finance professionals, business managers, students, lawyers, regulators, or anyone starting or considering a career in the field. It provides detailed explanations of the most widely used modern tools and risk mitigating techniques, outlining how their shared fundamentals underscore all its products and solutions, including finance for receivables, confirmed payables, letters of credit, trade credit and political risk insurance, FinTech, blockchain, and export credits.
This book's purpose is to present a holistic understanding of trade and supply chain finance as a coherent universe of financial solutions that share common fundamentals to achieve their prime objectives. Trade finance is one of the oldest forms of finance used throughout the world, having evolved over time to encompass a wide range of highly specialized products adapted to each user's needs, abilities, risk tolerance, and local market conditions. In the past, the term Trade Finance referred mostly to cross-border imports and exports, with financing solutions focused heavily on mitigating cross-border risks. In reality, however, the vast majority of Trade Finance today is used to support domestic trade among businesses buying and selling goods or services within their own country.
