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GTB products - Coggle Diagram

- - - - lets the buyer (requested business) repay it with extended credit terms in the future
        
        provides working capital to keep your business running while the goods are in transit
      - the FI puts up the money to pay the supplier
  - - - L/C advising, L/C confirmation, L/C discounting, forfaiting, L/C reimbursement, post shipment financing for L/C confirmed, Supply Chain Finance
        
        Commercial (/ Documentary) LC
        
        a bank-issued document that ensures a supplier that the buyer could pay for the goods and services it provides
        
        = requested by the buyer's company // ask for the bank's guarantee // when the supplier is uncertain if the buyer could pay
        
        Standby LC (SLOC)
        
        a guarantee made by the bank to ensure they will bear up the payment if their client cannot pay for it
        
        help facilitate international trade between companies who don't know each other and under different national laws and regulations
        
        Financial SLOC (less common)
        
        guarantee payments for goods and services specified by an agreement
        
        Performance SLOC (normal ones)
        
        guarantee the client will complete the project outlined in the contact + the banks agrees to reimburse (payback) if its client fails to complete the payment
    - - Guarantee reissuance
    - - Export invoice discount
      - Financing for domestic trades
      - Receivable purchase
      - Trust Receipt/ Import invoice financing
    - - Enable finance to be provided until payment for goods is received
        
        suit wholesalers/ manufacturers: used to fund regular or one-off purchase of goods and raw materials