Tag: International Payment Methods
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
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 – BPO
Each payment method in international trade has strengths and weaknesses.
For example, open account and cash in advance payments are elementary payment options. They are...
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...
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...
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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