With many different trade finance products available, we have produced a simple trade finance map that puts the different options in context.
A good summary of trade finance products and the purpose of trade finance is available here.
If you would like a copy of the diagram in high resolution with permission to re-use, please email us at: info@prima.trade.
Our upgraded supply chain finance platform can replicate the functionality of trade finance products (like the letter of credit) - but at scale and with all the efficiency of traditional SCF.
For information about traditional trade finance products and how they work, see:
The benefits of using the PrimaTrade platform are set out here. These include:
Savings for buyers of up to 1% or more on landed costs.
Significant processing efficiencies for suppliers, all of whom can be eligible for early payment
3-way match and AP Automation from shipment
Efficient like supply chain finance but with the scope and reach of traditional trade finance.