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How to Access Trade Finance

A Guide for Exporting SMEs

image of How to Access Trade Finance

This guide helps small exporters understand how to obtain finance, outlining the credit process of financial institutions, pre-application preparation, finding appropriate lenders and loan repayment. Models for business plans and loan requests are included. The guide also examines barriers to finance for small firms, and what financial institutions perceive as lending risks.

English French, Spanish

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Typical shipping documents required for L/Cs

An L/C is a distinct and separate transaction from the contract of sale on which it is based. In documentary credit transactions, the parties are not concerned with fulfilling the terms of the sales contract. They deal solely with documents, not goods. The issuing bank’s obligation to the importer is to examine all documents to ensure that the terms and conditions of the credit are met. The advising bank is responsible for sending the documents to the issuing bank. The exporter sees to it that all conditions of the agreement have been complied with.

English Spanish, French

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