Barclays on Export Week: The benefits of high interest rates in destination countries

UK EXPORTERS are increasingly being asked for extended payment terms by their customers.

Companies in countries such as China, India, Brazil, Russia, Turkey, Indonesia and South Africa, are seeking to use trade credit as a cheaper source of finance than traditional bank finance marked to their central bank lending rate.

Current central bank rates in these countries range from 5.1% in China up to 11.25% in Brazil, prompting many companies in these countries to look to their supply chain for assistance.

All this wee... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...