Pillars of Global Trade Finance Framework - Accounting Assignment Help

Assignment Task

Task
Four (4) Pillars of Global Trade Finance (5%) Week 4 (January 26, 2022) Select a public company that publishes its annual report in English and that engages in international trade and explain its business; goods and/or services, suppliers, customers, etc. Using the four (4) pillars (Payment Facilitation, Risk Mitigation, Financing, and Information) of Global Trade Finance (GTF) as your framework, explain how the company uses two (2) of the
four (4) pillars in its international business(es). Use the firms annual report as one of your resources. as banks or insurance companies. (It is hard to get to the bottom of their use of the four pillars of global trade finance.)
Payment Facilitation The steps and instruments in place to make it possible to pay overseas suppliers and collect payments from overseas customers. Trade finance offers several mechanisms to facilitate and assure timely, authorized and secure payment in the course of a transaction.
Risk Mitigation Steps taken to reducing the impact of the risk inherent to international trade. (Country Risk, Currency Risk, Commercial Risk) Trade finance instruments are very effective options for reducing or eliminating a broad range of risks across the globe, in almost any market condition imaginable.
Financing How global trade transactions are financed. This not about whether the firm meets its internal financial needs by issuing debt or equity, but rather how international trade transactions are financed. At its most basic level, financing involves the lending of funds to one party by another, whether in the common situation where monies are actually transferred or in a variation (with the same final outcome) where payments are delayed by agreement, which has the effect of making funds available to the debtor for the period of the delay in payment. Trade finance instruments provide a mechanism to facilitate immediate payment to the exporter, as originally agreed, while permitting the importer to delay payment to the bank for an agreed period.
Information - The provision of timely, accurate and detailed information about every aspect of a trade transaction, from the status of the shipment to the precise reporting of financial flows, at any given moment in that transaction.

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