Trade and Receivables Finance

A Practical Guide to Risk Evaluation and Structuring
1. Auflage 2018
ISBN: 978-3-030-40363-8
Verlag: Palgrave Macmillan

Buch, Englisch, 544 Seiten, Book, Format (B × H): 155 mm x 235 mm

Trade and Receivable Finance provides the definitive practical guide to the evaluation and mitigation of risk and the financing of international trade.This authoritative manual is built upon more than 42 years of experience in the trade and receivables finance market and carries the endorsement of The London Institute of Banking and Finance.The contents are comprehensive incorporating clause examples, specimen documents, financier checklists and diagrams.The traditional method of commercial lending assessment places primary importance on the ability of the borrower to repay the financier. However, this form of evaluation often results in insufficient credit appetite to release the required level of financial support for a company involved in cross border trade.When a trade-related proposition is properly evaluated so that the transactional risks are fully understood and mitigated to an acceptable level, and the source of repayment is identifiable and considered reliable, a well-structured trade and receivables finance facility reduces the risk of default when compared to conventional lending products and can generate additional credit appetite.This book will become a constant ‘go-to’ companion for transaction banking teams, bank relationship managers, specialist client-facing trade and invoice finance specialists, middle and back office trade advisory personnel, credit analysts, alternative market financiers, export development agencies and credit insurers.

Zielgruppe

Professional/practitioner

Autoren/Hrsg.

Jones, Stephen A.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationaler Handel
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft

Inhaltsverzeichnis

1 IntroductionPart I Trade2 Trade Credit3 The Trade Cycle4 Commercial Terms5 Transport and ControlPart II Credit Risk6 Credit Risk7 Evaluating the Client8 Trade Loans9 SecurityPart III Trade Products10 Collections11 Bank Aval12 Letters of Credit13 Special Types of Letters of Credit14 Standby Letters of Credit15 Demand Bank GuaranteesPart IV The GoodsPart IV The Goods 33116 Nature of Goods17 Payables Finance18 Warehouse FinancePart V The Receivable19 Sales Invoice and Debt Instruments20 Evaluating the End-Buyer21 Credit Insurance22 Performance Risk23 Receivables Finance24 Invoice FinancePart VI The Proposition25 The Credit Facility Application

Über Autor(innen)

Stephen A. Jones is a leading trade finance practitioner, trainer and consultant with over 42 years of experience. He has held senior positions in Lloyds Bank, NatWest and RBS, working in operations (letters of credit, collections, payments, foreign exchange, and negotiations), and in trade finance sales (client relationship, risk management and new business origination).Stephen left banking in November 2009 to set up his own trade finance consultancy and training business. In 2014 Stephen was appointed Consultant Head of Risk for a new alternative market trade finance provider. During his term of office Stephen formulated the trade and receivables finance credit risk policy and operational instructions for the financier and headed up its credit risk committee.Stephen regularly designs and delivers training programmes globally to banks on trade and receivables finance, risk management, AML and sanctions compliance.He continues to work as a trade finance practitioner, consultant trade advisor, handles letters of credit for his corporate clients and arranges finance; this helps to ensure his material is both relevant to today’s market and highly practical.