Overview of legal and financial risk-management considerations in financing international business transactions. In other words, "How to Get Paid, or Get what you Pay For in International Business".
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International Trade Finance
1. Jim Chester Cowles & Thompson, PC Dallas, Texas INTERNATIONAL TRADE FINANCE Presented by: January 20, 2010
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13. January 20, 2010 Diagram of Letter of Credit Transaction Issuing Bank (foreign) Confirming Bank (US) Foreign Buyer US Seller Products Products $ Docs $ $ Docs
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20. January 20, 2010 Regulatory Considerations Anti-Boycott Laws -- Do not allow impermissible terms to appear in LC’s Foreign Corrupt Practices Act (FCPA) -- Beware of improper commissions or other payments Other Trade Laws affecting Payments -- OFAC, PATRIOT Act, etc.