CHAPTER 5 - ROLE OF BANKS IN INTERNATIONAL TRADE

·         Application of International Code of Banking Practices (UCP, URC, URR, ISBP, URDG, ISP etc).

·         Control over goods.

·         Provide Finance (Pre / Post Shipment, overdraft etc).

·         Transfer of Funds.

·         Credit /Confidential Reports.

·         Agency Role - Collection of cheques, Bill of Exchange, Promissory Notes, documents etc.

·         Advisory Role (Forward Contracts).

·         Channel of Communication (Authenticated SWIFT, Tested Messages (Telex).

·         Refinancing.