THE PURPOSE OF BANKING COMPANIES IN TRADE FINANCE: RESPONSIBILITIES OF ISSUING, ADVISING, AND CONFIRMING BANKING INSTITUTIONS

IntroductionBanking institutions Engage in an important position in facilitating Intercontinental trade by means of a variety of trade finance devices. Their responsibilities as issuing, advising, and confirming banking institutions are essential for making sure the smooth movement of products and payments across borders. Knowing these roles is sig