The role of e-finance in supporting international trade




Electronic finance, or e-finance is changing the way financial services are used in international trade. E-finance refers to financial services offered electronically, for example, via Internet. It includes Internet banking and payments, e-brokerage, e-insurance, e-trade, and other related services (Purcell 2003, pg 1). As more financial services are becoming available in electronic format, they are becoming popular for international trade, even among developing countries. Trade-related financial and insurance products are being adapted to customers’ needs. Loan requests, credit insurance, letter of credit confirmations, and other documents can be transferred electronically. E-finance is forcing standardization, adding speed, and reducing costs. These advantages can help countries stay competitive in the international trade sector (Cattani 2000, pg 13).
Banking and insurance services are not new forms of......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: The Role Of E-Finance In Supporting International Trade
Approximate Word Count: 1380
Approximate Pages: 6 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on The Role Of E-Finance In Supporting International Trade, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!