Do you want to know how access to trade finance can increase your cross-border imports and exports? Explore our Trade Finance hub for practical tools.
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Ready to to increase your imports / exports to guarantee the payment and delivery of goods? Find out more about LCs here.
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Trade finance is a tool that can be used to unlock capital from a company’s existing stock, receivables, or purchase orders. Explore our hub for more.
A common form of business finance where funds are advanced against unpaid invoices prior to customer payment
Also known as SCF, this is a cash flow solution which helps businesses free up working capital trapped in global supply chains.
BoL, BL or B/L, is a legal document that provides multiple functions to make shipping more secure.
A payment instrument where the issuing bank guarantees payment to the seller on behalf of the buyer, provided the seller meets the specified terms and conditions.
The release of working capital from stock, through lenders purchasing stock from a seller on behalf of the buyer.
This allows a business to grow and unlock cash that is tied up in future income
A tool that businesses can use to free up working capital which is tied up in unpaid invoices.
This is commonly used for trading businesses that buy and sell; having suppliers and end buyers
Technology, construction, telecommunications, PPE, and electronics
Raw materials, agricultural products, minerals, metals, and textiles
Pharmaceuticals, chemicals, and energy products
Automotive, aviation, and marine industries
Pharmaceuticals, healthcare equipment, and related sectors
Ores, minerals, metals, and concentrates
Retail stock, e-commerce, textiles, clothing, and consumer goods
Construction, infrastructure, project finance, and green finance
Construction, infrastructure, project finance, and green finance
Food, drink, dairy, confectionery, and alcohol
E-commerce, recruitment, legal services, and hospitality
Financing tomorrow's trade
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
CEO and Founder,
JDTS TradeSimona Racek is the CEO and Founder of Just Down The Street (JDTS Trade), an international trade company that provides export consultancy services to trade organizations, economic development organizations, and SMEs. Simona’s expertise focuses on exporting solutions including assessing export regulations and facilitating applications for export-related financing and government grants. Simona works with clients in the private and public sectors, including the Los Angeles Regional Small Business Development Center Network, the Ventura Economic Development Collaborative, Getting to Global, the World Trade Center San Diego, and the World Trade Center Northern California delivering export consulting services and digital export programs that streamline trade through innovative digital tools that support hundreds of businesses in their internationalization efforts.
Simona serves as the President of Women in International Trade, Orange County Chapter, a non-profit organization, and an affiliate of the Organization of Women in International Trade. OWIT Chapters are united around the globe to foster international trade and the advancement of women in business.
Simona is the project leader of the digitizing trade initiative sponsored by the San Diego and Imperial District Export Council to implement a global digital standard for managing trade transactions online utilizing the International Chamber of Commerce Uniform Rules for Digital Trade Transactions (URDTT) published on October 1, 2021 – www.eDTTworkspace.com. She has published several articles and educational videos on digitizing trade.
Simona grew up in Romania during the communist regime and learned the importance of access to information and goods from outside the borders from an early age. She graduated Magna Cum Laude from California State University, Los Angeles, with a bachelor’s in International Business. Simona received the 2016 Educational Award for Excellence in Export Development from the District Export Council of Southern California and Port of Los Angeles, and is a NASBITE member.
Simona practices mindfulness in the Plum Village tradition and is fluent in Romanian.