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June 03, 2009

Trade Finance Operations

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With the arrival of many new global banks to the Middle East, regional and local banks now have to review their trade finance operations. For compliance purposes, new procedures need to be set and existing policies must be revised and adjusted where applicable. Quantitative scoring systems used for evaluating confirmation requests, together with the trade finance automated system need to be revisited and amended where necessary.

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February 21, 2009

Trade Finance External Audit

Trade Finance
Because of its unique technical nature, auditing the trade finance department is
different than auditing other departments of the bank.  The risks of its complex
operations often disguise in areas that can not be reflected in the department’s
accounts; it requires a trade finance operations expert, not only accountants, to
identify the existing risks and foresee potential ones.  

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Trade Finance Operations

Fields of Grain
This is by far the most important division in commercial banking. Trade finance is the heart of any commercial bank; not only it generates vast funds and non funds income, it also replenishes the personal bank with deposits, personal loans, credit cards, auto pay and so on.

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