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Wrangles

In: Novels

Submitted By ewaiya
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6.0 INTERNATIONAL TRADE FINANCE

Learning Objectives:

At the end of the subject coverage learners should be able to: • Explain the ways in which international trade is undertaken, settled and financed; • Identify the types of customers engaged in international trade and their needs; • Explain the features and benefits of services provided by banks and other financial institutions in facilitating international trade; • Explain international payment systems and regulations that are in place and the procedures adopted.

CONTENTS

1. Introduction to International Trade Finance • The meaning of international trade. • Major parties in international trade. • Reasons for international trade. • Advantages of international trade. • International trade barriers. • The role of banks and financial institutions in international trade.

2. The Foreign Exchange Market • The meaning of foreign exchange market. • Participants in the foreign exchange market. • Functions of foreign exchange market. • The mechanism of foreign exchange transfer. • Relationship between foreign exchange market and money market. • Systems and procedures for inter bank foreign exchange trading.

3. Exchange Rates • Definition of exchange rate. • Spot exchange rate. • Forward exchange rate. - Premium, Discount and Par. - Adjusting the spot rate. • Direct quotation and forward rates. • Indirect quotation and forward rates. • Factors that influence changes of foreign exchange rates. - Medium, long-term movements. - Short...

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