In international trade, an open account is a payment method that allows buyers to purchase goods or services on credit from a seller without providing any upfront payment. This means that the seller extends credit to the buyer and allows them to pay for the goods or services at a later date, usually within 30, […]
Invoice discounting is a financial tool that allows companies to access cash from unpaid invoices, and it can be particularly beneficial for businesses involved in international trade transactions. One of the main benefits of invoice discounting for international trade transactions is that it can help companies to improve cash flow. International trade transactions often involve […]
What is an escrow account? An escrow account is a financial arrangement in which a neutral third party, known as an escrow agent, holds and regulates the payment of funds required for two parties involved in a given transaction. It is often used in real estate transactions, but can also be used in international trade […]
Small and medium-sized enterprises (SMEs) often struggle to access trade finance services, which can include things like letters of credit, invoice financing, and supply chain financing. This can be a significant hurdle for SMEs, as trade finance can help these companies grow and compete in the global marketplace. One reason why SMEs may lack access […]
Invoice financing is a financial solution that allows businesses to receive cash advances on their outstanding invoices. This can provide a much-needed injection of cash for businesses that are waiting for customers to pay their bills. There are two main types of invoice financing: invoice factoring and invoice discounting: Invoice factoring involves selling your unpaid […]
Whether you are a seasoned importer or a novice, it is often difficult to know what standards to follow when importing goods from a country outside the European Union. Before embarking on this adventure, it is important to understand that importing and exporting is a profession in its own right and often very administrative. It […]
For every company, cashflow is a crucial aspect in order to sustain its activity. In business cash is king specialy right now. There are many reasons to improve your cashflow. It could be for an investment, to establish a security mattress or simply to have peace of mind without having to run after ways to […]
Cash is king in business, that is why working capital is one of the most trending subjects right now. They are multiple ways for companies to finance their needs from long-term debt, revenue-based financing, or short terms loans, the financial market offers various instruments for businesses to find the right financing tools. One of the […]
Using an escrow account is nothing new in most industries. Often used in real estate or in consumer-to-consumer transactions, escrow accounts are used to offset the counterparty risk for both buyers & sellers. What is an escrow account? Escrow is a legal concept describing a financial agreement between a buyer and a seller where a […]
What is a letter of credit? The letter of credit is one of the most widely used means of BtoB payment in the world of international trade. It is a bank financial guarantee that allows the exporter to know that he will be paid on the condition that he sends the goods. For the importer, […]