In: Economics
A .Describe a detailed example of how a us financial services company could use export credit insurance to minimize risk when providing financial services to institutions in China
B.List and describe 4 different documents that would be used in an import/export transaction involving the sales of paint by a us distributor to a buyer in Mexico
US financial companies offer exportcredit insurance for risk mitigation to Chinese institutions which helps them safeguard accounts receivables, credit risks like defaults or insolvency, unforeseen market risks, political intervention, etc. Thus for example US sanctions on Chinese goods may derail companies revenues and ability to pay and hence through export credit insurance banks can recover their money.
An import or export transaction would involve purchase cintract, delivery terms report, lorry receipt, letter of credit, account receipt, etc for successful seamlessly carrying out trade.