User:Trade finance facilitator/sandbox

Trade Finance Facilitators are institutions that provide financial support to domestic and international traders to conduct a transaction between two parties who are either in one geographical area or in two different countries or continents. Their assistance helps traders to buy in larger quantities and thereby enhancing their market share in their respective trades.

They help to minimize costs and the risks involved in moving goods from one end of the earth to the other. Over the years banks and many financial institutions have been operating as trade finance facilitators. Some of them operate on a very large scale whereas there are others that operate on a small scale. No matter how large they are it is the buyers' / sellers' responsibility to find the appropriate trade finance facilitator with a reliable and competent value for money.

There are many trade finance facilitators in the industry basic tips to identify the appropriate trade financer are as follows:

1. search on the internet : the internet provides vast amount of information on trade finance services

2. visit the recent trade fair exhibitions in the region and globally : trade fair exhibitions and conferences is a key point where all the trade networks come under one roof. The ideal trade financer and other trade information can be gathered in such locations. Canton Fair - China, SIBOS trade and convention fair, India International Trade Fair, are some of the prestigious international trade fairs held annually.

3. Get information from the local newspapers and magazines : trade finance facilitators are sure to advertise in the local channels so keep an open eye and contact the agents for further information.

Recent Technology Developments in Trade finance
 * 1) SimpleX is a new trading platform that automates the work flow of trade that helps to overcome many of the trade barriers that specially SMEs encounters. Euro Exim Bank is one of the pioneers of the SimpleX trade platform.
 * 2)  Intellect iGTB division, the world's first "comprehensive global transaction banking solution" has announced the trade specialist Euro Exim Bank has implemented DDIQ which is the most advanced tool due diligence tool for compliance.