3 ms·
it is called trade finance. the world runs on it. when extremely large purchases are made between two large companies, the terms of payment can get very compli
by bl4k 16y ago
it is called trade finance. the world runs on it.
when extremely large purchases are made between two large companies, the terms of payment can get very complicated, which is why you need banks in the middle. have you ever thought about how you would go about purchasing $1B worth of shoes? Hint: you don't put it on the company amex.