Question

what are the role of bank in financial facilities for trade​

Answer 1

Answer:

banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting

Answer 2

Answer:

Banks provide a medium for a transaction between foreign buyers and sellers. They provide the requisite instruments necessary for business transactions.

They become the intermediary for any agreement between the importer and the exporter. They mostly facilitate foreign trade via documents. For example, the banks issue a letter of credit to assure the seller.