How to Make Money Without Money: The Art of Transferable Letters of Credit and Assignments of the Proceeds

Katsman, Jacob

ISBN 10: 0968319815 / ISBN 13: 9780968319819

Published by Continental Pub, 1999

About this Item

In Very Good Condition, No Remarks. 255 Pages With No Index. Soft Cover. This Book Is Not Signed.We will state signed at the description section. we confirm they are signed via email or stated in the description box. - Specializing in academic, collectiblle and historically significant, providing the utmost quality and customer service satisfaction. For any questions feel free to email us.

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Bibliographic Details

• Title: How to Make Money Without Money: The Art of Transferable Letters of Credit and Assignments of the Proceeds
• Publisher: Continental Pub
• Publication Date: 1999
• Language: English
• ISBN 10: 0968319815
• ISBN 13: 9780968319819
• Binding: Soft cover
• Edition: 1st Edition.
• Condition: Very Good
• Weight: 2 ounces
• Seller catalogs:
  • Children

About this title

Synopsis

How to Make Money Without Money : The Art of Transferable Letters of Credit and Assignments of Proceeds teaches how to use accepted banking instruments such as transferable letters of credit, back-to-back credits, and assignments of proceeds. The book shows how to make use of the buyer's funds to finance trade without investing in inventory or putting up any type of security, in essence, making money without money. Through the use of real life case studies the book uncovers the secrets of success in the international trading business. Actual letters of credit and bank s are reprinted, together with fax correspondence between companies concluding import/export transactions, to give the reader practical experience. For newcomers to international trade the book will serve as a reference guide to Contracts, Incoterms, Export Documentation, and UCPDC 500. For those who are already involved in international trade, reading the book will give a better insight into the struct

About the Author

JACOB KATSMAN started to trade internationally in 1987 when Mikhail Gorbachev opened the iron curtain to the West. He gained experience in trade finance and letters of credit while working for trading companies in Canada, Russia, China, and Belgium. Katsman's focus markets for the last ten years have been the former Soviet Union and Asia. He has exported brick-making equipment, automobiles, tires, electronics, coffee, and cognac to these markets, and imported ferrous and non-ferrous metals. To this day Katsman is involved in international trade and continues to use various forms of letters of credit and bank guarantees in his daily business.

Partly a reference book on letters of credit, partly a how-to book filed with trading anecdotes, How to Make Money Without Money brings to life a topic that has never before been shared with the public in this manner. No other book goes into such detail on the subject of how to use transferable letters of credit and assignments of proceeds to make money. Financing techniques known primarily by Chief Financial Officers of multinational corporations are brought together in this book in simple language for anyone to understand.

Katsman is a cofounder of the Continental Commodity Exchange, a real time commodity exchange on the Internet.