Trade Finance: Technology, Innovation and Documentary Credits

Trade Finance provides a re-examination of the legal principles and challenges posed by technological changes, financial innovation, and international regulation. It covers three key fields: traditional trade financing, technological issues and opportunities, and alternative and complementary trade finance mechanisms.

Format: Hardback
Length: 416 pages
Publication date: 07 July 2021
Publisher: Oxford University Press

Trade Finance is a crucial exploration of the legal principles that govern this dynamic field, delving into the challenges posed by technological advancements, financial innovation, and international regulations. This comprehensive collection, stemming from the symposium Trade Finance for the 21st Century, brings together the insights of scholars and practitioners from across the globe

The book encompasses three vital areas of trade finance, beginning with an in-depth examination of the challenges to traditional trade financing methods. These challenges encompass a range of issues, including the enforceability of contracts, the use of soft clauses, the doctrine of strict compliance, the fraud exception, the role of correspondent banks, performance bonds, and conflict of laws problems.

The second major section of the book delves into the technological advancements and opportunities in trade finance. It explores electronic bills of exchange, blockchain, and electronically transferable records, highlighting their potential to streamline transactions, increase efficiency, and reduce costs.

Finally, the work examines alternative and complementary trade finance mechanisms, such as open account trading, supply-chain financing, the bank payment obligation, and countertrade. These mechanisms offer innovative solutions to address the specific needs of different industries and markets, providing a holistic approach to trade finance.

In conclusion, Trade Finance provides a comprehensive and timely examination of the legal principles, technological advancements, and alternative financing mechanisms that shape the world of trade. By bringing together the perspectives of scholars and practitioners, this collection offers valuable insights into the future of trade finance and its role in promoting global economic growth and stability.

Weight: 880g
Dimension: 180 x 253 x 32 (mm)
ISBN-13: 9780198854470