Spanish Finance and Trade

Spanish Finance and Trade

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...the salesman would have to build up the credit files of the firm or firms he represented. Another important source of credit information was the branches of foreign banks. The Credit Lyonnais, with head offices in Paris and Lyon, first entered Spain in 1876, and now has five branches. The Banco Aleman Trasatlantico, a subsidiary of the Deutsche Bank, was established in Barcelona in 1904 and in Madrid in 1907. The latter bank assisted actively in furthering German trade by gathering credit information for the benefit of German houses operating in Spain. It also assisted the granting of credit by discounting notes or drafts arising from long-term credits. Credit information was also obtained from credit-information agencies. B. G. Dun & Co., of New York, who established their first office in Spain in 1903, maintain a central office in Madrid and several branches. Before the war a German agency, the Institute Schimmelpfeng, operated in Spain, but it has since suspended operations. There existed also British, French, and German chambers of commerce, which collected credit data for the benefit of their members. The number of Germans, French, and English resident in Spain assisted further in promoting the knowledge of Spanish business customs in their home countries and in stimulating the demand for their products. To summarize, the credits granted in Spain by European exporters were based upon careful study and exact knowledge of the credit history and standing of Spanish purchasers. This knowledge was secured through the instrumentality of agents, Spanish or of the nationality of the exporter, with the aid of traveling salesmen who made a special point to be informed; through Spanish banks and branches of foreign banks; through...
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Product details

  • Paperback
  • 189 x 246 x 5mm | 168g
  • United States
  • English
  • black & white illustrations
  • 1236967232
  • 9781236967237