Nkengafe Afendia

Export Letters of Credit and Their Use by Local Smes: Using Export Documentary Letters of Credit As an Instrument of Trade Finance Nkengafe Afendia

Are you an SME operating locally (domestically) and you are thinking of getting involved in international trade; but face the difficulty of accessing bank trade financing? This guide is vital for you. It is packed with new, simplified and clarified material on how local SMEs can access export trade financing. It also describes dozens of difficulties which SMEs involved in export trade are often exposed to or are tantamount to encounter. It provides up-to-the-minute information on how such difficulties can be overcome. This guide will help both the trade financier (bank) and the local trader/businessman (exporting SME) build and maintain a continual successful business partnership like a team laughing together. It will help: The Banker to fully understand the trade needs and difficulties of exporting SMEs; as well as guide them in creating structured trade finance products to overcome these export trade inhibitors. To the SME: It will ennoble them as key bank customers and partners, and enhance them as main contributors to the Balance of Trade and thus economic growth.