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Payment Methods in International Trade

There are 5 types of payment methods available in international trade. These payment types are cash-in-advance, open account, documentary collections, documentary credits (letters of credit)...
BCG and SWIFT Published Global Payments Report 2014

BCG and SWIFT Published Global Payments Report 2014

The Boston Consulting Group (BCG) published in cooperation with Swift a new report on consumer payments-exploring key trends in Europe, North America, and rapidly...
BANK PAYMENT OBLIGATION

Bank Payment Obligation – BPO

Each payment method in international trade have strengths and weaknesses. For example, open account and cash in advance payments are elementary payment options. They are...
. Cash in advance payment in international trade Cash in advance payment in international trade

Cash in Advance Payment

Cash in advance (CIA) is a payment method in international trade. Cash in advance is also known as cash with order or advance payment...
What does documentary collection mean in international tradevideo

Documentary Collections – Cash Against Documents (CAD)

Documentary collection (D/C) is a payment method in international trade. Documentary collection is also known as Cash Against Documents (CAD) by most exporters and importers. Documentary...
Differences Between Cash Against Documents and Letters of Credit

What Are the Differences Between Cash Against Documents and Letters of Credit?

Letters of credit (l/c) and cash against documents (documentary collections, cad) are both payment methods in international trade. Their combined share is around 50% in...
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