The future for trade services is: bright, cloudy, or both?. Streeter, B. American Bankers Association. ABA Banking Journal, 98(11):55--56,58,77, November, 2006. ![The future for trade services is: bright, cloudy, or both? [link]](https://bibbase.org/img/filetypes/link.svg "link")
Paper abstract bibtex Documentary letter of credit is a unique instrument, as it combines several functions within a single message. The problem is not every cross-border trade needs all the functions, and while that has always been true to a degree, the increased access to data worldwide has accelerated the trend to more open-account trade terms. The dominant mode of trade, spurred on by strong economic conditions as much as by technology, is open-account trade. Actually, many banks engage in open-account trade without even realizing it. All day long, customers' accounts are being credited by funds coming in. Newer on the "buzz curve" is supply-chain finance, which can range from specific financing alternatives for suppliers when big buyers move away from letters of credit, to systems in which the physical and financial aspects of the supply chain are fully integrated. The investment in supply-chain systems is big for banks, as well. A few banks have spent years developing such systems.
@article{streeter_future_2006,
title = {The future for trade services is: bright, cloudy, or both?},
volume = {98},
issn = {01945947},
shorttitle = {The future for trade services is: bright, cloudy, or both?},
url = {http://search.proquest.com/docview/218455496?accountid=10382 http://link.library.curtin.edu.au/openurl??url_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&genre=article&sid=ProQ:ProQ%3Aabiglobal&atitle=The+future+for+trade+services+is%3A+bright%2C+cloudy%2C+or+both%3F&title=American+Bankers+Association.+ABA+Banking+Journal&issn=01945947&date=2006-11-01&volume=98&issue=11&spage=55&au=Streeter%2C+Bill&isbn=&jtitle=American+Bankers+Association.+ABA+Banking+Journal&btitle=&rft_id=info:eric/&rft_id=info:doi/},
abstract = {Documentary letter of credit is a unique instrument, as it combines several functions within a single message. The problem is not every cross-border trade needs all the functions, and while that has always been true to a degree, the increased access to data worldwide has accelerated the trend to more open-account trade terms. The dominant mode of trade, spurred on by strong economic conditions as much as by technology, is open-account trade. Actually, many banks engage in open-account trade without even realizing it. All day long, customers' accounts are being credited by funds coming in. Newer on the "buzz curve" is supply-chain finance, which can range from specific financing alternatives for suppliers when big buyers move away from letters of credit, to systems in which the physical and financial aspects of the supply chain are fully integrated. The investment in supply-chain systems is big for banks, as well. A few banks have spent years developing such systems.},
language = {English},
number = {11},
journal = {American Bankers Association. ABA Banking Journal},
author = {Streeter, Bill},
month = nov,
year = {2006},
keywords = {1300:International trade \& foreign investment, 8110:Commercial banking services, 9180:International, Business And Economics--Banking And Finance, Commercial credit, International lending, Letters of credit, Supply chains, Trade finance, Trends},
pages = {55--56,58,77}
}
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