Export or trade finance is the act of financing as it relates to international trading transactions. A typical financing agreement in export finance sees a bank or some other institution of the importer provide financial assistance for goods and services purchased, with payment going to the exporter on behalf of the importer. This arrangement tends to lower the difficulties of smaller importers and exporters entering into the business. Due to competition within the industry flexible payment terms are highly sought.
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Export Finance and Insurance Corporation (EFIC) provides tailored finance solutions to help Australian businesses overcome the financial barriers they face when expanding their export activities.
