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Essay

The role of e-finance in supporting international trade

Essay specific features

 

Issue:

Business

 

Written by:

William M

 

Date added:

January 24, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1414

 

Was viewed:

9764 times

 

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Essay content:

As more financial services are becoming available in electronic format, they are becoming popular for international trade, even among developing countries. Trade-related financial and insurance products are being adapted to customers’ needs. Loan requests, credit insurance, letter of credit confirmations, and other documents can be transferred electronically...
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E-finance is forcing standardization, adding speed, and reducing costs. These advantages can help countries stay competitive in the international trade sector (Cattani 2000, pg 13). Banking and insurance services are not new forms of services offered electronically. A large segment of the financial sector has gone digital years ago and private electronic networks have been used for years to transfer funds...
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General issues of this essay:
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