International Trade Finance
The 21st century has witnessed swift change in every sphere of the human endeavour. Regulatory re-alignment, digitalisation and economic and political developments have contributed to paradigm shift in banking, trade, finance and the shipping industry virtually transforming the landscape. International Trade Finance is an essential tool for bankers, exporters/importers, shippers, consultants, teachers and students navigating the procedures of international trade finance. The book addresses basic topics relating to international trade including letters of credit mechanism, collections of bills, trade customs and practice. New to this revised edition, it covers SWIFT updates, supply chain system, UKEF, Blockchain technologies, the implications of BREXIT, NAFTA, Mexico, Canada and other bilateral agreements and their implications, the US sanctions, terrorist financing and anti-money laundering provisions, and a check list to control financial crime risks in tradefinance. The extended metaphor of the book is that of an arm chair tour covering fundamentals to the nuances of the hard core of the subject matter and enabling the readers to deal with complicated implementation issues in a forthright and comprehensive fashion.
Arun Trivedi is a banker, researcher, writer, reviewer and academic. Presently he isengaged as a business design consultant and a corporate governance coach in West Africa, Asia, Canada, Europe and the Middle East for Human Capital formation organising business seminars, modular courses, mock-drills covering the behavioural sciences and providing functional knowledge in areas such as trade finance and risk management, foreign exchange, international banking, corporate governance and ethics and value system. Arun has authored books on foreign exchange and risk management, credit risk management, international trade finance and behavioural science. Arun is a member of the London Press Club and has received notable awards including Fellowship of the Indian Institute of Banking & Finance (IIBF), Chartered Fellowship of Chartered Institute for Securities and Investments (Chartered FCSI), Life Member, Indian Society for Training and Development and an award for services in “Banking and Finance Management” from the International Biographical Centre, Cambridge, England.