Foreign Exchange Explained a Practical Treatment of the Subject, for the Banker, the Business, Man, and the Student (Classic Reprint) - Couverture souple

Boston, Thomas

Couverture souple

ISBN 10 : 1440047847 ISBN 13 : 9781440047848

Editeur : Forgotten Books, 2018

Synopsis

Unlock the world of international trade finance with clear explanations of bank credits and letters of credit. This practical guide explains how foreign exchange works in business deals, from how merchants use bank credits to how drafts are drawn and paid. It uses concrete examples to show why the terms of a credit affect price and who bears risk in cross‑border transactions.

This edition walks you through the step‑by‑step process of a typical transaction, such as importing shellac from the East to the United States, and shows how banks, drafts, and documents interact to ensure payment. It emphasizes practical decisions for buyers and sellers and clarifies the role of commissions, guarantees, and confirmation in making trade smoother and safer.

• How commercial credits and letters of credit work in real transactions


• How payment terms influence price and the speed of settlement


• The documents, guarantees, and bank procedures that accompany drafts


• A concrete example of a shellac shipment illustrating the flow of funds and risk management

Ideal for business readers, bankers, and students who want a solid, working understanding of foreign exchange and international trade settlement.

A propos du livre

Présentation de l'éditeur

To a very large number of people who ten years ago had never even heard of a gear or a differential or a carburetor, these are to-day familiar terms. To an equally large number of persons, perhaps, such phrases as demand sterhng, cables, dollar drafts, etc. have, during the past few years, come to have a very definite and important meaning. Knowledge of foreign exchange used to be regarded as something of a luxury. It is, to-day, not far from being a necessity. To supply the need for a book from which, without too great effort, the student, the business man, and the banker could get a working knowledge of the subject, the writing ofF oreign Exchange Explained was undertaken. To set down, not a mass of figures and calculations, of interest only to the exchange expert and obsolete almost as soon as compiled, but rather a cleancut, definite description of foreign exchange and of the underlying and unchanging principles on which it works that has been the authors aim. So to state the theory of the thing as to make it applicable to everyday practical use that has been his constant object.
(Typographical errors above are due to OCR software and don't occur in the book.)

About the Publisher

Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.

Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text. Read books online for free at www.forgottenbooks.org

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1440047847
• ISBN 13: 9781440047848
• Reliure: Broché
• Nombre de pages: 245
• Coordonnées du fabricant: Copytech (UK) Ltd, Trading as Printondemand-worldwide.com; gpsr@podww.com; ; 9 Culley Court; Orton Southgate; Peterborough; Cambridgeshire; PE2 6WA; Royaume-Uni
• Personne responsable: Easy Access System Europe Oü, 16879218; +358405003575; gpsr.requests@easproject.com; ; Mustamäe tee 50; Tallinn; 10621; Estonie