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Trade finance plays a vital role in facilitating transactions from "summary" of Modern Law of International Trade by Ajendra Srivastava
Trade finance is an indispensable tool for businesses engaged in international trade. It serves as a crucial mechanism for facilitating transactions between buyers and sellers across borders. In the complex world of global commerce, the role of trade finance cannot be overstated. It provides the necessary financial support to ensure that goods and services can be traded efficiently and securely. One of the primary functions of trade finance is to mitigate the risks associated with international transactions. By providing instruments such as letters of credit and bank guarantees, trade finance helps to safeguard both parties involved in a trade deal. This risk mitigation is essential for building trust and confidence between buyers and sellers, especially when they are operating in different countries with varying legal and regul...
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