05-04-2012, 03:05 PM
International Cash Management
CashManagement,letter of credit,custom cleaeance.ppt (Size: 842.5 KB / Downloads: 31)
Investing Excess Cash
Determining the Effective Yield
Use of Exchange Rate Forecasts
LETTERS OF CREDIT
Purposes
Functions
Payment Instrument.
Performance Guarantee
Finance Instrument
Types
Foreign Exchange Transaction
Over the years an elaborate process has evolved for handling exports and imports.
Figure 19.1 illustrates this process