DOCUMENTARY COLLECTION
Trade deal in which the exporter renders the task of collecting payment for products supplied to his bank, carrying the shipping documents to the importer’s bank along with payment orders. The importer pays the exporter in turn for shipping documents, together with funds and documents delivered through their respective banks. Although it is less expensive than letters of credit and less complicated, this is riskier for exporters since it has no verification process and limited recourse should the importer fail to pay. This is recommendable to the exporter and importer with a long-standing trade relationship.
POPULAR TERMS
SEC Form U-33-S
SEC Form U-33-S is a filing accomplished annually by utility companies as a report under the Securities and Exchange Commission. The data gathered ...
Counterpurchase
Exchange of products in which a party acts as purchaser and the other as seller, and vice versa. Both parties purchase all goods in cash.
Flowback
When foreign investors perform a massive sell-off of a company's cross-listed shares back to the country of issuance as a result of an impendin ...
Use and Occupancy Insurance – U&O
Use and Occupancy Insurance is a kind of insurance coverage that takes care of losses in the property or machinery usage caused by damages from haz ...
Horizontal Market
A market diversified so the products created can meet the needs of more than one industry. This type of market is one in which the output good or s ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Ethical Investing: Knowing Human Rights and Workers` Rights
Ethical investors want to know how corporations treat people, specifically their workers. They depend on the UN Universal Declaration of Human Righ ...
Ethical Investing: Environmentally-Conscious Investing
Environmentalist or not, as an investor, you care so much about your surroundings. Hence, you invest in companies that can reduce their negative im ...
Ethical Investing: Its Advantages and Disadvantages
Believe it or not, ethical investing comprises a huge emotional component. Investors are human; therefore, they let emotions drive their decisions. ...
Connection of Inflation and Interest Rates
We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
Student Loans: Repaying Debts Faster
Student loans may not be paid overnight, but we want to pay it off in a fastest way possible. Is it possible?
Before anything else, one h ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
