Trade Finance
Trade Finance refers to the financial instruments and products that companies use to facilitate international trade. It helps businesses manage the risks associated with importing and exporting goods, ensuring that transactions are secure and efficient. This includes services like letters of credit, which guarantee payment to sellers, and trade credit insurance, which protects against buyer default.
By providing necessary funding and mitigating risks, Trade Finance enables companies to expand their markets and improve cash flow. It plays a crucial role in global commerce, allowing businesses to operate smoothly across borders and fostering economic growth.