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Trade Finance Payment Tool-OPEN Account In trade finance, there are a few major payment used of which one is called Open account. Basically, when settlement takes place on open account, it means that the exporter will ship his products to the importer before any payment has been received. The exporter then presents the required documentation to the [...] |
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach. |
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