What is the workflow of a typical transaction ?
client advises details of a transaction (i.e.country, bank, amount, tenor, goods) b) we check with our counterparties for interest c) we advise price to client d) if client accepts, buying bank will send purchase confirmation e) client prepares all required docs (we can help) f) client sends all docs to buying bank g) once buying bank has received satisfactory docs, they will pay to client
