Taking risks is an avoidable part of running a business and the chances get doubled when it involves international trade & transactions. Foreign trade deals are more prone to develop associated overseas risks and the risks of non-payment & non-performance are the most common ones. The exporters are willing to get paid right away as soon as the deal is made while importers on the other hand always want to claim the goods before initiating the payment to the exporters. Read more: https://www.axioscreditbank.com/blogs/how-trade-finance-reduces-global-trade-payment-risks