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Trade finance
Factoring
Factoring is a method of disposing of trade debts where a company "sells" these debts to a financial institution. It is a financial option for sellers of goods or services.
Bank guarantees
A guarantee entails the bank's irrevocable commitment to pay the beneficiary a sum of money, such that it does not exceed the sum indicated in the letter of guarantee, promptly after the beneficiary has submitted its claim in writing.
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Letter of credit and collection
To manage risks in foreign trade transactions, letters of credit and collections are used. They allow payment for goods after the goods have been dispatched and when the trading documents (bill, transport documents etc.) are presented.