This blog is all about you want to know for trade services, your daily needs of trade related queries will be fullfilled here.
Let us start with few of the basics of trade services.
Business Objectives of the Players
Buyer
- Desired quantity and quality of the goods in time
- A managed cash flow, with bank finance
- An assuring third party
- Convenient payment channel
- Protection against regulatory errors
Seller
- Timely payment
- Bank finance for buyer’s credit & goods arrangement
- An assuring third party
- Payment to be received at own location
- Protection against regulatory errors
Risks Involved in Trade Finance
Payment on Delivery
Seller runs a risk of non-payment even when he has delivered the goods
Advance payment
Buyer runs a risk of non-delivery of goods or poor quality of goods even when he has paid the money
Risks Involved for the Players : Buyer
- Non-delivery / delayed delivery of goods
- Short shipment/inferior goods
- Goods received before the documents
- Foreign exchange fluctuation
- Regulatory changes
Risks Involved for the Players : Seller
- Non-payment/Delayed payment
- Exchange risk
- Foreign exchange fluctuation
- Regulatory changes
We would discuss different instruments to handle such risks in next blogging section.
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