The purpose of the Down Payment or Advance Payment Guarantee is to guarantees the buyer who has agreed to pay (…) his supplier against non-commitment with the seller's obligations. It also makes it easier for the exporter to negotiate installments for the entry into force of contracts and during their execution.
Brainstorming Trade Finance

Quiz
•
Other
•
University
•
Hard

Saad DALIL
Used 10+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wrong
Right
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Please select the right order regarding contractual stages :
1/Performance, 2/Retention, 3/Bid, 4/Advance payment.
1/Request for proposal, 2/Tender, 3/Execution, 4/PAC, 5/FAC.
1/Tender bond, 2/Downpayment bond, 3/Performance bond.
1/PAC, 2/Execution, 3/FAC, 4/Tender, 5/Request for proposal.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The letter of credit (L/C) [ also called the documentary credit] is, by default:
a) Revocable at any time
b) No correct answer
c) Irrevocable and confirmed
d) Irrevocable
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
S.W.I.F.T means :
Society Worldwide Inter-Funds Transfer
Society Worldwide International Freight and Transportation
Society Worldwide Interbank Financial Telecommunication
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The former COFACE (now BPI France Assurance Export), founded in 1946, is:
a. The French company specializing in export credit insurance (“ECA” Export Credit Agency)
b. A bank on a European scale
c. An international bank
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a documentary credit, the maximum time available to a bank to examine the documents entrusted to (qui lui sont confiés) is:
a. 21 working days
b. 5 working days
c. 7 working days
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choisissez un seul nom d’Institutions Financière supranationale engagée dans le financement du commerce international ?
a) Fond Monétaire International - FMI
b) OCDE - Organisation de coopération et de développement économiques
c) Banque Mondiale via IFC (Internation Finanacial Corp)
d) OMC - Orgnaisation Mondiale du Commerce
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