pre-export financing
Definition
Funds advanced by a lending institution (such as an export-import bank or trade development bank) against confirmed orders from qualified foreign buyers to enable the exporter to make and supply ordered goods. Usually, the exporter arranges a commitment from the buyer to make the payment directly to the lender. Upon receipt of payment the lender deducts the loan amount plus interest and other charges and forwards the balance to the exporter.
pre-export financing is in the Accounting & Auditing, Banking, Commerce & Finance and International Trade & Relations subjects.
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