Trade Finance

3 guides · KeyBS Pay Knowledge Center

Letters of credit, escrow, Incoterms and the instruments that make strangers safe to trade with.

Quick answer

Trade finance instruments — letters of credit, escrow arrangements, documentary collections — solve the trust gap in international trade: the buyer does not want to pay before goods ship, and the seller does not want to ship before being paid. Each instrument allocates that risk differently, at different cost and complexity.

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