International trade, and its financing, is now a key component of many undergraduate and postgraduate qualifications. For anyone involved in international sales, finance, shipping and administration, or for those studying for academic or professional qualifications in international trade, The Handbook of International Trade and Finance offers an extensive and topical explanation of the key finance areas. This essential reference resource provides the information necessary to help you to reduce risks and improve cash flow, identify the most competitive finance alternatives, structure the best payment terms, and minimize finance and transaction costs. This fully revised and updated 4th edition of The Handbook of International Trade and Finance also describes the negotiating process from the perspectives of both the buyer and the seller, providing valuable insight into the complete financing process, and covering key topics such as: trade risks and risk assessment; structured trade finance; methods and terms of payment; currency risk management and bonds, guarantees and standby letters of credit.
The Handbook gives a complete and thorough assessment of all the issues involved in constructing, financing and completing a cross-border transaction and is an indispensable guide for anyone who deals with international trade. It also includes a section on risk management, which plays an increasingly important role in international trade from currency fluctuations to political risk and natural disasters.
N.B. The book covers the principles of international trade and finance that are common across the globe and is relevant to anyone wanting to understand the subject, wherever they are located. Specific national issues (eg the UK's Brexit decision) do not affect the content.

Online supporting resources for this book include a powerpoint summary of each chapter

Online Resources: powerpoint summary of each chapter

PrefaceIntroduction01 Trade risks and risk assessmentBusiness beyond borders: trade risksInternational trade practicesProduct risksCommercial risks (purchaser risks)Adverse business risksPolitical risksCurrency risksFinancial risks02 Methods of paymentDifferent methods of paymentBank transfer (bank remittance)Cheque paymentsDocumentary collectionLetter of creditCounter-trade03 Bonds, guarantees and standby letters of creditThe use of bonds and guaranteesCommon forms of guaranteeDemand guaranteesStandby letters of creditThe structure and design of guarantees04 Currency risk managementCurrency riskThe currency marketsThe spot tradeCurrency exposureHedging currency risksPractical currency management05 Export credit insuranceA mutual undertakingThe private sector insurance marketExport credit agencies (official export credit institutions)Investment insurance06 Trade financeFinance alternativesPre-shipment financeSupplier creditsRefinancing of supplier creditsBuyer creditsThe international money market07 Structured trade financeInternational leasingLines of credit and local currency financeProject finance and joint ventureMultilateral development banks08 Terms of paymentTerms of payment and cash managementContents of the terms of paymentStructure of the terms of paymentComposite terms of paymentThe final design of the terms of payment09 The export quotationAppendix I: Electronic documents in international tradeAppendix II: International transport documentsGlossary of terms and abbreviationsIndex