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Foreign economic activity. Types of loans and forms of lending in foreign economic activity (the most important)

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67. Types of loans and forms of lending in foreign economic activity

Lending in international foreign trade practice is one of the tools to stimulate exporters.

Credit involves the provision of a loan in cash or commodity form on terms of repayment with the payment of a certain percentage. Exporters, importers, banks and other financial and credit institutions and the state act as creditors of foreign trade transactions.

The commercial benefit of lending for the exporter is determined by:

1) acceleration of sales;

2) the degree of increase in the volume of supplies of goods;

3) the cost of export credits and the possibility of covering the costs of lending at the expense of the proceeds received.

For importers, a frequent and acceptable variant of foreign trade transactions is a combination of cash and credit purchases.

Loans are classified according to various criteria that characterize certain aspects of the credit relations of their participants:

▪ by type of loan - commercial, banking, commodity, investment, government, brokerage;

▪ by loan terms - short-term, medium-term, long-term;

▪ by method of provision - advances, deferred payment, installment payment;

▪ according to the method of coverage - partial and complete;

▪ by method of repayment - bills of exchange, acceptance;

▪ for the intended purpose - to complete export production, for storage, warehousing;

▪ according to the terms of sale - cash, acceptance;

▪ by method of security - secured, unsecured (form);

▪ by target function - traditional and non-traditional;

▪ traditional - commercial, banking, commodity, branded;

▪ non-traditional - factoring, forfaiting;

▪ according to the form of provision:

▪ by the exporter to the importer - branded (bill of exchange, credit on an open account), bank (acceptance, acceptance-reimbursement);

▪ importer to exporter - commercial (purchaser advances, deposits), banking (commodity loans, loans on current accounts).

commercial loan - lending by the exporter to the importer in several forms:

▪ in commodity form, in the form of deferred payment for goods sold;

▪ in the form of cash loans.

Bank loan - issuance of cash loans to exporters and importers at the expense of the bank itself.

Commercial lending importers on the part of exporters is carried out in two forms: a bill of exchange or an open account.

In case of bill lending, the importer accepts the draft drawn up on him by the exporter, i.e. confirms the payment of the bill in full and within the specified period, against the transfer to him by the bank of the commodity documents sent for collection.

Acceptance - consent to payment or guarantee of payment for commodity, financial, settlement documents or goods. Draft - bill of exchange.

Collection - transactions of banks with financial or commercial documents to obtain acceptance or payment.

Open account system involves the mutual opening of correspondent bank accounts by counterparties until the moment of the transaction, and the subsequent process of repayment of the payment involves the entry (issue) by the supplier to the buyer's account of the amount corresponding to the delivery at the time of shipment of the goods. Settlement is provided by bank transfer.

Forms of bank lending importers are: accounting of bills, loans secured by purchased goods, acceptance lending, acceptance-reimbursement credit.

Commercial lending to exporters is carried out in the form of buyer advances and bank guarantees.

Forms of bank lending to exporters are: accounting of drafts (bills); issuance of commodity loans, credits on current (current) accounts.

Author: Bobkova O.V.

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