Types of trade credit
Trade finance covers different types of activities including issuing letters of credit, lending, forfaiting, export credit and financing, and factoring. The trade financing process involves several different parties, including the buyer and seller, the trade financier, export credit agencies, and insurers. Open trades on your credit report list the types of accounts you have. Several different types exist, including revolving accounts, such as credit cards, installment accounts, such as auto loans, charge accounts, which require full payment monthly, and collection accounts, which are in default.