• Datamatics Global Services Ltd
• 06 Aug, 2019

An open economy is a boon. It facilitates trade between different countries. As the fourth industrial revolution gains momentum, the world is witnessing a boom in international trade. Cross border trade has inherent risks. It could be that the buyer does not receive the goods even after payment. So also it could be that the seller does not receive the money after the goods are dispatched. In such cases, the intermediary banks act as mediators and hedge-off the associated risk.
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