- 24 May
Trade Finance For Small Transactions
I spent my initial working years in trade finance dealing with large volume imports of just about any product you can imagine from outside the UK. The trade finance company provided the funding to the importer via services such as setting up letters of credit for payment of their overseas suppliers which could be based all over the world including europe, africa, north america, south america, asia and australia. Back then the transactions were always large value, often running into hundreds of thousands of pounds.
Now there are trade finance services available that are tailored to smaller transactions of even just a few thousand pounds which can help smaller importers fund the credit gap between paying for goods exported from another country to the UK and being able to collect in payment from their customers.