Export Finance Today
Article Abstract:
An important element in any export drive is the financing and credit insurance. Finance is required for exporting because of research of new markets, manufacture and packaging of goods, the shipment period and period of credit granted to the buyer. The British Overseas Trade Board (BOTB) provides several schemes for market information and intelligence. It prepares detailed reports on particular markets and the chances of success of particular products. The banks provide finance for export by overdraft or loan, documentary credit, acceptance credit and Export Credits Guarantee Department (ECGD) bank guarantees. Factoring is a method of export finance by which an advance of eighty per cent of the value of invoice is given on evidence of shipment. The balance is payable after an agreed period. The ECGD is financing export by insurance coverage.
Publication Name: The Accountant
Subject: Business
ISSN: 0001-4710
Year: 1984
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The ECU - An Emerging Corporate Finance tool?
Article Abstract:
The European Currency Unit (ECU) has been used as a tool for cohesion in the European Monetary System (EMS) for five years. The Commission of the European Economic Community (EEC) proposed in May 1983 that the ECU be recognized in law by member states as a foreign currency. Private use has been increasing, particularly in multinational companies. The value of the ECU is determined by the combination of the values of the currencies of member states. It is a unit of account, but is in a transitional state. A multi-national clearing system is planned for January 1, 1984. The ECU facilitates international trade. No large contracts have yet been written in ECU. At present the ECU changes form when traded to the private sector; it moves from a unit of account to an index of value. The friction cost is high.
Publication Name: The Accountant
Subject: Business
ISSN: 0001-4710
Year: 1983
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Euro CP
Article Abstract:
European commercial paper (CP) issues by U.S. corporations have increased to over $30 billion since January 1986, but American issuers must consider: dissimilar features of the Euromarket, the value of name recognition with European investors, the pros and cons of note products available, and the significance of an issuing and paying agent (IPA). Government regulations accounting for Euromarket differences, IPAs, intersystem links, note products, and same day settlements are discussed. The four primary note issuing products available through commercial paper financing are: the conventional definitive note, the global note with definitive options, the global note (without options), and the universal note (the latest innovation within commercial paper circles).
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
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