Describe the concept of cash in advance

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Reference no: EM13842391

1 - Why is it more difficult and riskier to collect receivables from a foreign purchaser?

2 - Describe the concept of cash in advance.

3 - Describe the mechanism of a letter of credit, from the exchange of the pro forma invoice to final payment.

4 - Describe the concept of bank guarantees. What are the different types of bank guarantees?

Reference no: EM13842391

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