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Trading Terms

Special documentary credit liability (SPECIAL DOC L/C)

As we delve into the world of finance, it's important to understand the concept of documentary credits. These credits may offer the option for a negotiable set of documents to be sent directly to the customer and the bank or branch involved. This means that the customer could gain possession of the goods before making payment. However, this also means that the customer is directly liable for the goods from the moment the credit is established. It's crucial to be aware of this potential responsibility when dealing with documentary credits.

CTI2

Commercial clearing members, also known as CCMs, play a crucial role in the market profile. They are responsible for clearing and settling trades for their clients. This dif...

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Document of title

A bill of lading is a valuable instrument that grants the holder the authority to manage the specified property as if they were the rightful owner. It functions as a legal d...

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Fund

It is managed by a professional or a team of experts who make decisions on where to invest the funds to generate returns. These returns can come in the form of dividends, int...

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Opportunity Costs

Opportunity cost refers to the loss of potential income when resources are invested in an alternative venture. This concept is a fundamental principle in finance, as it emph...

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