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What is SWIFT and how it helps organizations in facilitating trade? Question 2 (5 points) Arrange the following steps in Forfaiting: Presentation of the avalised
What is SWIFT and how it helps organizations in facilitating trade? Question 2 (5 points) Arrange the following steps in Forfaiting: Presentation of the avalised bill of exchange to the avalising bank on maturity Delivery of bill of exchange by exporter to the forfaiter Payment made by the avalising bank to the forfaiter Commercial contract between importer and exporter Delivery of avalised bill of exchange by avalising bank to the exporter uForfaiting contract between exporter and the forfaiter Delivery of goods by the exporter to the importer Cash payment by forfaiter to the exporter Delivery of bill of exchange from importer to the avalising bank
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