Finance
The
Worlds of Trade and Finance.
Every
day millions of transactions are initiated, processed and completed
in the general trade and finance communities. Usually for each trade
transaction there will be at least one financial transaction, usually
a payment, processed through the finance chain. The perspectives
of the trade and finance sectors on the same transaction may be
quite different as each sector has different needs which must be
respected by each side.
To
ensure that EANCOM® supports the needs of these two perspectives,
EAN International has published a non-technical document on this
subject titled "An
Introduction to EANCOM® in Trade and Finance". In particular
this document examines the links and inter-dependencies between
the messages from the trade and finance sectors looking at such
issues as data flows, referencing between the messages, the trade
and finance parties.
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