Which involves direct payment transactions

Reference no: EM133662535

Question: Jasmine may consider utilizing financial strategies such as Letters of Credit and Trust Receipts to ensure payment for shipping goods to new importers. Through the issuance of Letters of Credit, suppliers like Jasmine are provided with security as the importer's bank guarantees payment to the supplier once all required documents are submitted by the supplier to the bank. Additional financial methods include Cash in Advance, where payment is made prior to the delivery of goods. Another option is Wire Transfer, which involves direct payment transactions between the banks of the importer and exporter.

Reference no: EM133662535

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