Free Excerpt from World Business
Resources.com by Garrett Wasny
CHAPTER ONE: BORDER BUSTER TOOLKIT
TRADE FINANCE
Crash Course. New to trade finance? Review the Crash Course in International Tradel. The online presentation highlights global business risk issues, payment methods, financial guarantees, and key definitions.
Highs and Lows. Uncertain how to control the risks of fluctuating exchange rates? Foreign Exchange Management provides tutorials on foreign exchange management tools such as spot contracts, forward contracts, and foreign currency options.
Take Credit. Preparing an export letter of credit? The Export Letters of Credit Kit provides letters of credit issuance guidelines, checklists, and preparation guides.
Money Talks. Need help with the terminology of international finance? Consult the International Financial Encyclopaedia. The site is a directory of key words, phrases, acronyms, and codes used in cross-border trade and finance.
Milk the Cash Cows. Seeking financing for an export project or other business venture? Review Commercial Finance Online and MoneyHunter. Along with business matchmaking and networking services, all provide searchable databases of bankers, venture capitalists, and other financial professionals around the world.
Under the Counter. Learn more on the tax and accounting implications of doing business in another country. International Tax is an archive of tax and accounting guides, bulletins, and resources online around the world.
Reach to the Converted. Converting foreign exchange? Use the Universal Currency Converter, a free virtual worksheet. The service calculates exchange rates on 180 currencies from the Afghanistan Afghani to the Zimbabwe dollar.
Get a Desk Job. Looking to manage international payments online? The Thomas Cook Virtual Trading Desk provides real-time foreign exchange over the Internet. The service allows international drafts and wire transfers to be sent and received from any Internet-ready computer anywhere in the world.
Alternative Walk. Eager to complete a trade deal, but can't get the financing? Review Export Finance Matchmaker. The site links to alternative sources of trade financing online including counter trade organizations, credit reporting services, and financial consulting agencies.
The Price is Right. Unsure how to price in foreign currencies? The Export Pricing System is a free online tool that can help you determine what to charge your customer in their currency. Interactive and customizable, the service provides pricing recommendations based on the customer's credit period, foreign exchange bank charges, exchange rates, and other variables.
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