Dept for International Trade

Doing business internationally: Managing Finances when Trading Overseas

Details
Date:

October 6

Time:

04:30 pm - 05:30 pm

Trading internationally can expose your business to a unique set of risks when it comes to getting paid and managing your money.

Working in partnership with NatWest and UK Export Finance, the Department for International Trade is delighted to invite you to this exciting event. The session is designed to offer guidance and top tips on what pitfalls to watch out for, how to mitigate risk and your options when it comes to trade finance.

Topics covered will include:

  • Getting paid – What are your options when it comes to payment terms when dealing with an overseas customer? Should you use payment in advance, open account, letters of credit, bills of exchange?
  • Managing cash – factors such as exchange rate fluctuations and setting up overseas accounts can make the difference between profit and loss on a deal. What mechanisms can you put in places to minimise risk?
  • Financing the deal – How does trade finance work? What solutions are available and when are they applicable?
  • Explore support – Discover the support available via the Department for International Trade and UK Export Finance including the role of an ITA, developing an export plan development, accessing funding and wider specialist support and resources

When: 6 October 2021: 9.30-10.30

Register: Doing business internationally