Daily News: September 28, 2017

Tools and Strategies Book Features King Trade Capital


King Trade Capital has been featured in a new book titled, Tools and Strategies for Export, written by a well-known trade banker Cornelio Sumangil.

Sumangil has spent 40 years working as a trade finance specialist at some of the world’s largest banks. He is now Principal of Sumangil Trade Resources, a strategy consulting firm which focuses on international trade transactions.

The book discusses the tools and financial instruments for financing cross-border sales. Chapter 7 “The King of Nontraditional Lenders for Export Letters of Credit” discusses King Trade Capital’s nontraditional approach to providing finance solutions to companies in need of capital in order to increase international sales.

Sumangil writes, “The principal advantage of dealing with these “boutique” type financiers is that they are not as heavily regulated as the commercial banks that are guided by the Comptroller of the Currency. These lenders are innovative and can handle unusual financings as there is not that much interference and oversight of them by regulatory agencies. In simple terms, they operate like a regular business, ensuring that they perform their operations efficiently and effectively” (Sumangil, 2017, p.87).