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  • © 2019

International Trade Finance

A Pragmatic Approach

Palgrave Macmillan
  • Discusses the new roles and responsibilities of the updated parties now engaged in international trade finance
  • Provides robust up-to-date examples including SWIFT updates and the implications of Brexit
  • Includes check lists, guidance notes, and specific case studies and examples

Part of the book series: Finance and Capital Markets Series (FCMS)

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Table of contents (25 chapters)

  1. Front Matter

    Pages i-xxxi
  2. International Trade and Inherent Risks

    • Tarsem Bhogal, Arun Trivedi
    Pages 1-3
  3. Services Offered by Commercial Banks

    • Tarsem Bhogal, Arun Trivedi
    Pages 5-7
  4. Methods of Trade

    • Tarsem Bhogal, Arun Trivedi
    Pages 9-13
  5. Foreign Exchange Rates

    • Tarsem Bhogal, Arun Trivedi
    Pages 15-24
  6. Bills of Exchange, Collections, Purchasing and Discounting

    • Tarsem Bhogal, Arun Trivedi
    Pages 25-46
  7. Documentary Letters of Credit

    • Tarsem Bhogal, Arun Trivedi
    Pages 47-57
  8. Letters of Credit: Types

    • Tarsem Bhogal, Arun Trivedi
    Pages 59-94
  9. Methods of Payment Settlement

    • Tarsem Bhogal, Arun Trivedi
    Pages 95-106
  10. Financial Load Variations: Eight Types of Letters of Credit

    • Tarsem Bhogal, Arun Trivedi
    Pages 107-116
  11. INCOTERMS 2010

    • Tarsem Bhogal, Arun Trivedi
    Pages 117-130
  12. Documents in Foreign Trade

    • Tarsem Bhogal, Arun Trivedi
    Pages 131-141
  13. Negotiation of Documents

    • Tarsem Bhogal, Arun Trivedi
    Pages 143-146
  14. Factoring and Forfaiting

    • Tarsem Bhogal, Arun Trivedi
    Pages 147-157
  15. Electronic Documents ( eUCP )

    • Tarsem Bhogal, Arun Trivedi
    Pages 159-164
  16. Scrutiny of Documents: Procedures

    • Tarsem Bhogal, Arun Trivedi
    Pages 165-173
  17. Common Irregularities in Documents

    • Tarsem Bhogal, Arun Trivedi
    Pages 175-177
  18. Bank Guarantees and International Bonds

    • Tarsem Bhogal, Arun Trivedi
    Pages 179-202
  19. SWIFT and Letters of Credit

    • Tarsem Bhogal, Arun Trivedi
    Pages 203-225
  20. ICC DOCDEX Rules

    • Tarsem Bhogal, Arun Trivedi
    Pages 227-232

About this book

The 21st century has witnessed swift change in every sphere of the human endeavour. Regulatory re-alignment, digitalisation and economic and political developments have contributed to paradigm shift in banking, trade, finance and the shipping industry virtually transforming the landscape. International Trade Finance is an essential tool for bankers, exporters/importers, shippers, consultants, teachers and students navigating the procedures of international trade finance. The book addresses basic topics relating to international trade including letters of credit mechanism, collections of bills, trade customs and practice. New to this revised edition, it covers SWIFT updates, supply chain system, UKEF, Blockchain technologies, the implications of BREXIT, NAFTA, Mexico, Canada and other bilateral agreements and their implications, the US sanctions, terrorist financing and anti-money laundering provisions, and a check list to control financial crime risks in tradefinance. The extended metaphor of the book is that of an arm chair tour covering fundamentals to the nuances of the hard core of the subject matter and enabling the readers to deal with complicated implementation issues in a forthright and comprehensive fashion.

Authors and Affiliations

  • London, UK

    Tarsem Bhogal, Arun Trivedi

About the authors

Tarsem Bhogal has been Principal of the Staff Training Centre, Association of Indian Banks in the UK from 1990 to August 2006. Earlier, he had been a senior faculty of an International Bank’s Regional Staff Training and Development Centre in London. Bhogal set up a Regional Staff Training Centre of a public sector bank in northern India. He has been a practical banker who managed banking operations in Kenya, India and the United Kingdom, starting his banking career with The Standard Bank Limited, Nairobi, Kenya. Bhogal is a Fellow of The Institute of Financial Accountants, Fellow of the Institute of Public Accountants, Member of Chartered Management Institute and member of the Chartered Institute of Banker (now The London Institute of Banking and Finance). He is a member of the Standing Advisory Committee on Religious Education.   


Arun Trivedi is a banker, researcher, writer, reviewer and academic. Presently he isengaged as a business design consultant and a corporate governance coach in West Africa, Asia, Canada, Europe and the Middle East for Human Capital formation organising business seminars, modular courses, mock-drills covering the behavioural sciences and providing functional knowledge in areas such as trade finance and risk management, foreign exchange, international banking, corporate governance and ethics and value system. Arun has authored books on foreign exchange and risk management, credit risk management, international trade finance and behavioural science. Arun is a member of the London Press Club and has received notable awards including Fellowship of the Indian Institute of Banking & Finance (IIBF), Chartered Fellowship of Chartered Institute for Securities and Investments (Chartered FCSI), Life Member, Indian Society for Training and Development and an award for services in “Banking and Finance Management” from the International Biographical Centre, Cambridge, England.

Bibliographic Information

  • Book Title: International Trade Finance

  • Book Subtitle: A Pragmatic Approach

  • Authors: Tarsem Bhogal, Arun Trivedi

  • Series Title: Finance and Capital Markets Series

  • DOI: https://doi.org/10.1007/978-3-030-24540-5

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

  • Hardcover ISBN: 978-3-030-24539-9Published: 21 October 2019

  • Softcover ISBN: 978-3-030-24542-9Published: 21 October 2020

  • eBook ISBN: 978-3-030-24540-5Published: 02 October 2019

  • Series ISSN: 2946-2010

  • Series E-ISSN: 2946-2029

  • Edition Number: 2

  • Number of Pages: XXXI, 354

  • Number of Illustrations: 91 b/w illustrations

  • Topics: International Finance, International Business

Buy it now

Buying options

eBook USD 49.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 64.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 79.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access