UNDERSTANDING THE TRADE CYCLE & CREDIT TERM
This is the second article in a series of articles to be published by Anglo Cape Confirming (Pty) Ltd., which aims to focus on different aspects of trade finance in a simple to understand and practical manner.
What is Trade Finance & how can it benefit your business?
There are various definitions to be found online as to what trade finance is. Trade finance concerns both domestic and international trade transactions. Trade finance bridges the finance gap between the time you have to pay your supplier and the time you receive payment from your debtor.