What is Trade Finance?
Trade finance is a financing solution that businesses can use to manage the risks associated with international trade transactions. This type of financing can include a range of services, such as providing working capital to fund the purchase of goods, providing letters of credit to ensure payment, or providing insurance to protect against non-payment or other risks.
Trade finance can be particularly useful for businesses that engage in international trade, as it can help to mitigate the risks associated with currency fluctuations, political instability, or other challenges. By providing access to financing and risk management tools, trade finance can help businesses to expand their global operations and compete more effectively in international markets.