Strategic Management of Finance and Role of Documentary Credit

2019 ◽  
pp. 395-416
Author(s):  
Yurdagül Meral
Keyword(s):  
International Trade ◽  
Strategic Management ◽  
Trade Finance ◽  
Potential Risks ◽  
Trade Financing

Financing is one of the most important aspects of trade. International trade, although seemingly not different from local trade, differs from local trade because shipment/delivery takes longer, and different documentation and legislation is due to different countries involved in international trade. Financing also differs compared to local trade, and there are some specific methods used in international trade like documentary credit, although there is no limitation for documentary credits to be used in local trade. Documentary credit is a well-known method generally used in international trade. This chapter aims to define the role of documentary credits in international trade finance. In this chapter along with other finance methods, documentary credits, types, process will be explained. It is aimed to help importers and exporters how to mitigate the potential risks by using documentary credit. Furthermore, which type of documentary credit is to be used depending on the situation is clarified.

scholarly journals The role of factoring in international trade financing

2020 ◽  
Vol 3 ◽  
pp. 36-41
Author(s):  
Tural Alasgarli ◽  
Keyword(s):  
International Economic ◽  
International Trade ◽  
Foreign Trade ◽  
Economic System ◽  
20Th Century ◽  
Trade Finance ◽  
Trade Relations ◽  
Trade Financing

As 20th century ends, international economic system has gained new characteristics, international trade and its finance has reached at a different aspect. Parallel to the increasing trade relations, new technics of foreign trade finance has been widely available. Among them, factoring was evaluated in this study.

Normative Obsolescence of the WTO Anti-Dumping Agreement—Topography of the Global Use and Misuse of Initiations and Measures

2015 ◽  
Vol 6 (2) ◽  
pp. 233-263 ◽  
Author(s):  
Julien CHAISSE ◽  
Debashis CHAKRABORTY
Keyword(s):  
International Trade ◽  
World Trade ◽  
Dispute Settlement ◽  
World Trade Organisation ◽  
China And India ◽  
Wto Dispute Settlement ◽  
Recent Trends ◽  
Potential Risks ◽  
Areas Of Concern

The Anti-Dumping (AD) mechanism is susceptible to potential misuse for protectionist purposes, and the current explosion of AD disputes indicate a massive problem in the way international trade rules are implemented. The current World Trade Organisation (WTO) negotiations have identified areas within the Anti-Dumping Agreement (ADA) for possible reform; accordingly, the present analysis discusses these areas of concern relating to the AD provision. First, recent trends in AD practice will be analyzed both quantitatively and qualitatively to show the growing role of Asian economies. In particular, the traditional targets of AD activism, China and India, have initiated a number of AD investigations over the last decade, while imposing final measures on several occasions. Second, the ADA will be examined alongside a discussion of the potential risks of misinterpretation. Third, the paper will analyze all the complaints lodged at the WTO Dispute Settlement Body (DSB) on ADA to date.

scholarly journals Role of Cash Waqf Linked Sukuk In Economic Development and International Trade

2021 ◽  
Vol 10 (2) ◽  
pp. 275-290
Author(s):  
Hendri Tanjung ◽  
Agus Windiarto
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Qualitative Methodology ◽  
Low Cost ◽  
Public Awareness ◽  
Health Sector ◽  
Alternative Source ◽  
Competitive Price ◽  
Trade Financing

The aim of this paper is to examine the role of Cash Waqf Linked Sukuk (CWLS) in economic development and trade in Indonesia. This research is motivated by the fact that there is still limited financing to economic development in Indonesia as well as trade financing. The research based on a qualitative methodology using the data from scientific journals and paper in the field of Cash Waqf, including CWLS. The results cash waqf in several countries has been used for beneficiaries.  Especially for CWLS, it consists of 2 types, namely wakaf sukuk and retail waqf sukuk. For waqf sukuk, the proceeds of the waqf have been channelled to finance the construction of the retina center and glaucoma center at the hospital. Meanwhile, retail waqf sukuk are used by each nazir to finance the program. This research shows that CWLS is proven to play a role in economic development, particularly infrastructure. The infrastructure that has been built is in the health sector. CWLS can also be an alternative source of funds with low-cost of fund which in turn enables the Eximbank/ECA to extend trade financing to the cooperative with competitive price. However, there are some action need to be taken, i.e (i) conduct socialization regarding CWLS to improve public awareness and enlarge the wakif base and (ii) issue DSN regulations regarding CWLS.JEL Classification: F13, F63, P33How to Cite:Tanjung, H., & Windiarto, A. (2021). Role of Cash Waqf Linked Sukuk in Economic Development and International Trade. Signifikan: Jurnal Ilmu Ekonomi, 10(2), 275-290. https://doi.org/10.15408/sjie.v10i2.20493. 

scholarly journals ANALYSIS OF FACTORS AFFECTING INTERNATIONAL BANKING ACTIVITIES: A FOCUS ON THE TRANSACTIONS OF ISLAMIC INTERNATIONAL TRADE FINANCING Case Study in XYZ Islamic Bank

2018 ◽  
Vol 18 (1) ◽  
Author(s):  
Puspita Puspita
Keyword(s):  
International Trade ◽  
Multinomial Logistic Regression ◽  
Secondary Data ◽  
Primary Data ◽  
International Banking ◽  
Trade Finance ◽  
Factors Affecting ◽  
Multinomial Logistic Regression Analysis ◽  
Islamic Bank ◽  
Trade Financing

This research aims to analyze the factors affecting international banking activities,especially the transactions of Islamic International Trade Financing (case studyin XYZ Islamic Bank). Multinomial Logistic regression analysis was used in thisstudy. The independent variable consisted of capability of human resources, customers’ needs of Islamic International Trade Financing (IITF) facilities and product divercification of Islamic International Trade Finance. Meanwhile, the dependent variable was the Islamic International Trade Financing activities at XYZ Islamic Bank. This study used both primary and secondary data where primary data collected from questionnaire survey of 70 respondents and secondary data from various literatures. The result showed that the factor that significantly affected the Islamic International Trade Financing was the custumers’ needs of Islamic International Trade Financing. The other two factors did not significantly affect the Islamic International Trade Financing at XYZ Islamic Bank. The influence of customers in increasing Islamic International Trade Financing at XYZ Islamic Bank was the active customers which had opportunity 6.024 times higher than the passive customers in affecting Islamic International Trade Financing at XYZ Islamic bank. Recommendation from this study is encouraging the consumer to enhance international trade finance transaction to be more recognize the characteristics of XYZ Islamic Bank consumer. This way would be change passive consumer become active consumer.

scholarly journals Trade Finance in Digital Era: Can FinTech Harness the Current Risks and Challenges?

2021 ◽  
pp. 78-89
Author(s):  
Safeza Mohd Sapian ◽  
Nurudeen Abdulkadir ◽  
Norhazlina Ibrahim
Keyword(s):  
International Trade ◽  
Internal Control ◽  
Global Economy ◽  
Service Providers ◽  
Risk Identification ◽  
Financial Service ◽  
High Price ◽  
Trade Finance ◽  
Digital Era ◽  
Trade Financing

Trade and commercial activities are the foundation and supporting pillars of the global economy. It is through trade, particularly international trade, that a country’s economy is developed and sustained. It is a fact that FinTech platforms help financial service providers to become more time and cost-efficient in delivering trade finance services, however, the moves come with a high price. As the system becomes complex, the risks associated with it are also high due to systemic vulnerabilities, hackers and security hurdles. This current state requires more rigorous risk identification and management systems along with proficient internal control system, especially for international trade and trade financing. It has propelled many financial intermediaries to be more competitive in committing to the development of digitised channels and propositions, preparing to cede market share to a new generation of providers that have already seized the imperative to respond to market evolution in international trade.  The main aim of this paper is to explore how far can FinTech platforms help the financial service providers to be more efficient in providing their services to the end-user while at the same time be excellent to harness the possibilities of cyber and FinTech risk in this digital era. The study reviews past studies done in this area, especially on the risks and challenges, the prospects and opportunities of FinTechs in trade financing and its ability to cope with the risks inherent in FinTech solutions. The findings show that the benefits of FinTech platforms outweigh the shortcomings and with sustained collaboration, standardization and a holistic approach to the development of FinTech solutions, the risks of digital transformations can be considerably reduced.

The Role of Shared Decision-Making in Audiologic Rehabilitation

2014 ◽  
Vol 21 (1) ◽  
pp. 15-23 ◽  
Author(s):  
Helen Pryce ◽  
Amanda Hall
Keyword(s):  
Decision Making ◽  
Shared Decision Making ◽  
Behavior Changes ◽  
Shared Decision ◽  
Patient Centered ◽  
Treatment Information ◽  
Centered Care ◽  
Potential Risks ◽  
Audiologic Rehabilitation

Shared decision-making (SDM), a component of patient-centered care, is the process in which the clinician and patient both participate in decision-making about treatment; information is shared between the parties and both agree with the decision. Shared decision-making is appropriate for health care conditions in which there is more than one evidence-based treatment or management option that have different benefits and risks. The patient's involvement ensures that the decisions regarding treatment are sensitive to the patient's values and preferences. Audiologic rehabilitation requires substantial behavior changes on the part of patients and includes benefits to their communication as well as compromises and potential risks. This article identifies the importance of shared decision-making in audiologic rehabilitation and the changes required to implement it effectively.

International Trade Finance

2008 ◽  
Author(s):  
Tarsem Singh Bhogal ◽  
Arun Kumar Trivedi
Keyword(s):  
International Trade ◽  
Trade Finance

Banks, Firms and Trade Finance Infrastructure in Albania

2016 ◽  
Vol 1 (4) ◽  
pp. 192
Author(s):  
Dorina Çumani
Keyword(s):  
International Trade ◽  
Trade Credit ◽  
Critical Role ◽  
Political Risk ◽  
Risk Profile ◽  
Trade Finance ◽  
Domestic Trade ◽  
Business Opportunities ◽  
Political Unrest ◽  
Risk Situation

Firms engaged in international trade face tosome risks, which are either not present or less present for the domestic trade. All, firms- SMEs or Companies contain elements of risk, but when they trade internationally, the risk profile is different than trading home. These include commercial risk, political risk, exchange and the country risks, such asthe possibility ofwar, political unrest, or unexpected import bans or tariffs, act. Banks play a critical role in facilitating international trade by guaranteeing international payments and reducing the risk of trade transactions in exports or imports. The effect of insured trade credit on trade is very strong and remains stable over the cycle, in crisis and non-crisis periods (WTO, 2012). By shortening the time of production, delivery, approved credit, the risk situation can be improved and in the same way as liquidity and profitability (Anders Grath 2008). If Albanian traders control the risks they can expanding exports into new markets and it can be very profitable. Using trade finance and reducing risks Albanian firms will be able to develop and take advantage of business opportunities. The trade finance infrastructure of Albaniaisthe institutions, laws, regulations and other systems related to the following three activities

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