Dear Aspiring Trade Aficionado,
The exchange of goods and services across borders influences our daily lives and dominates political discourse. Trade structures such as the Silk Road, Hanseatic League, Dutch East India Company, General Agreement on Tariffs and Trade, and the European Union have increasingly come to define each facet of our lives, from what we eat to how we govern our international affairs. Yet, few people understand the financial instruments and principles that facilitate this exchange of goods and services.
Case in point: Ask a person on the street to describe a complex financial instrument like a mortgage-backed security (MBS) and they will likely offer a meticulous breakdown of pooling and tranching. Ask the same person to describe the far more conventional Letter of Credit, and all you will get in return is a confused gaze. Now, while it may have helped the MBS that The Big Short included a scene of Margot Robbie explaining them while drinking champagne in a bathtub, we believe understanding trade instruments should be equally accessible.
This website aims to do just that: making the world of trade finance understandable in an accessible and engaging manner. And while we probably won’t offer any champagne-bathtub interviews, we will be asking some of the world’s leading experts to share their knowledge about how trade finance works, where the industry is heading, who the players are, and how young professionals can enter and advance within the industry.