Trade Finance Global has partnered with UK Export Finance (UKEF), the UK government’s export credit agency, and Department for International Trade (DIT) to produce the UK Trade & Export Finance Guide.
The 60-page guide comes against a backdrop of complex geopolitical circumstances and an ever-changing financial landscape.
Exploring recent issues, such as the COVID-19 pandemic, Brexit, and the current Russia-Ukraine conflict, this guide aims to paint a clearer picture of how to navigate the current economic status of the industry.
Tim Reid, director of business group at UK Export Finance, said exports can help businesses increase profits and grow, especially when they are supplying to industries that are growing faster outside of the UK.
“That’s why we are pleased to be working with Trade Finance Global to help business leaders understand the benefits of trade and how the right finance can unlock new opportunities,” he said.
“As the UK’s national export credit agency, we can help businesses tap into global markets by making export finance and insurance more accessible.”
This latest guide begins with a brief definition of trade finance, as well as its advantages in financing a company’s future development.
The guide also provides an insight into the trade cycle, along with the nuances of undertaking or expanding international trade ventures in the context of the financing gap as well as giving UK exporters detailed information regarding UKEF’s trade finance and insurance products for a more complete picture of the sector.
Elsewhere, the guide distinguishes between funded and unfunded trade finance, ensuring a thorough summary of underlying dynamics in buyer-seller relationships.
Transacting across borders can be a complicated affair, as such, the trade and export finance guide examines pre-shipment, post-shipment, and supply chain finance giving an overview of associated risks.
The guide is freely available to download now at www.tradefinanceglobal.com/export-finance
