Abstract
The lengthy payment period built into overseas trade terms (sixty to ninety days being usual and longer terms quite common) and the leisurely approach principals and intermediaries often adopt to meeting even these protracted terms means that the international seller has to carry a major credit burden. Some idea of the credit structure for UK exports is provided in Table 3.1.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
M. Westlake, Factoring, (London: Pitman, 1975), p. 12.
See, for example, Alasdair Watson, The Finance of International Trade: notebook and documents (London: Institute of Bankers, 1976).
Author information
Authors and Affiliations
Copyright information
© 1981 Douglas Wood and James Byrne
About this chapter
Cite this chapter
Wood, D., Byrne, J. (1981). Finance of Foreign Trade. In: International Business Finance. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03120-7_3
Download citation
DOI: https://doi.org/10.1007/978-1-349-03120-7_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-03122-1
Online ISBN: 978-1-349-03120-7
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)