TERMIUM Plus®

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MAISON FINANCEMENT EXPORTATION [1 record]

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Record 1 1998-11-03

English

Subject field(s)
  • Foreign Trade
  • Financial Institutions
DEF

These organisations provide three basic services: 1. They will act as a principal and buy goods from a UK manufacturer and sell them abroad, thereby relieving the UK seller of international risks. 2. Act as an agent for a UK manufacturer. The export house obtains orders, then when goods are produced pays the seller and obtains reimbursement from the buyer. This can be non-recourse finance for the seller. 3. Act as a confirming house, that is the company confirms orders received from a buyer for whom he acts as an agent. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

OBS

A purely British institution which guaranteed payment of exported goods at the beginning of the 19th century.

French

Domaine(s)
  • Commerce extérieur
  • Institutions financières

Spanish

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