The term “trade finance” is often used loosely, leading to confusion as businesses may not fully understand its essentials. This column aims to demystify trade finance, outlining its fundamental purpose and principles.
According to Trade Finance Global (TFG), trade finance constitutes 3% of global trade, valued at approximately $3-trillion annually. At its core, it refers to the funding of trade within a company’s business cycle, encompassing goods, services, or commodities...
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