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

IntroductionBanking institutions Perform an important function in facilitating Intercontinental trade by way of many trade finance instruments. Their duties as issuing, advising, and confirming financial institutions are essential for making sure the smooth move of goods and payments across borders. Being familiar with these roles is vital for busi