THE PURPOSE OF BANKING INSTITUTIONS IN TRADE FINANCE: OBLIGATIONS OF ISSUING, ADVISING, AND CONFIRMING FINANCIAL INSTITUTIONS

IntroductionFinancial institutions Engage in an important part in facilitating Intercontinental trade by means of many trade finance devices. Their responsibilities as issuing, advising, and confirming banking institutions are essential for guaranteeing The graceful move of goods and payments across borders. Being familiar with these roles is vital