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International Business/Questions Answered by Expert Richard Barr
| Subject | Date Asked |
| Int'l Wire Xfers & Currency Exchange | 1/7/2012 |
| Q: I'm trying to understand what it costs me to send my daughter a $US to ŁUK wire transfer. Last ... A: Another common complaint. None of the banks wants to take responsibility for the process. The ... | |
| Int'l Wire Xfers & Currency Exchange | 1/5/2012 |
| Q: I'm trying to understand what it costs me to send my daughter a $US to ŁUK wire transfer. Last ... A: Chris, You have a common complaint of folk sending funds abroad. The interbank rate is the rate ... | |
| International Business | 8/15/2011 |
| Q: could you please tell me the definition of "integrity" for a company that is doing international ... A: The dictionary defines integrity as "adherence to moral and ethical principles; soundness of moral ... | |
| Exchange rate risk | 2/24/2011 |
| Q: I do not undertand why it is risky if I buy goods in USD and then sell in EURO. Could you please ... A: Foreign exchange risk relates to uncertainty about changes in FX rates that may adversely affect the ... | |
| Exchange rate risk | 2/23/2011 |
| Q: I do not undertand why it is risky if I buy goods in USD and then sell in EURO. Could you please ... A: The USD - EUR exchange rate is not a constant. As such the the amount that has left your pocket when ... | |
| NRA Bank Account Issues | 3/15/2010 |
| Q: Here's hoping you can shed some light on my issue. Im a non resident alien living in Australia and ... A: In a nutshell, the answer is that it's near impossible to open a USA bank account without being ... | |
| trade finance | 5/14/2009 |
| Q: recently bank in Italy and belguim has issued a Letter of Credit containing clause under Feild 47 A ... A: Without reviewing the L/C I can't give a clear cut answer However I'll try to give a general answer. ... | |
| receiving a payment from France | 3/10/2009 |
| Q: I was recently in France in February for a week of business. My first trip to Europe. I was paid ... A: It can be very frustrating. typically a transfer between banks internationally takes 3 to 5 days. ... | |
| nostro and vostro accounts | 10/29/2008 |
| Q: i would like to know if there are there any drawbacks regarding the nostro and vostro accounts? is ... A: First let's define what correspondent banking is... It is an arrangement under which one bank ... | |
| Certified Check Scams | 9/9/2008 |
| Q: I am looking for information as to why so many scams are out there wanting you to cash a certified ... A: i would ALWAYS consider it a scam. The reason is simple, as someone once said "There's a sucker born ... | |
| How to chose between Mexican Pesos or US Dollar | 8/12/2008 |
| Q: Good Morning, I'm starting a little investiment selling industrial inks from France to Mexico. I ... A: As you're asking my opinion, I think you should receive Euros as that's what most of your product ... | |
| X-rate 2006 | 7/10/2008 |
| Q: I have tried to find this information but i can't seem to find it anywhere and was wondering if you ... A: that's not a problem. Here you go Wednesday, March 15, 2006 1 Hong Kong Dollar = 0.20945 Singapore ... | |
| Re: L/C | 4/10/2008 |
| Q: We are an exporter of Finished Leather from India. We had sent a consignment to SPAIN on L/C 90 days ... A: I'd have to know much more about the actual L/C terms and i would only do that by reading the L/C ... | |
| Understanding Letter of Credit | 10/12/2007 |
| Q: could you please help with the following scenario: National Bank of Australia has paid Canterella ... A: I won't get into the legality of your contract and it's best you speak to a lawyer about that as a ... | |
| Understanding Letter of Credit | 10/8/2007 |
| Q: could you please help with the following scenario: National Bank of Australia has paid Canterella ... A: It depends on the terms of the L/C and who's the bank responsible for payment. Without seeing the ... | |
| Pension Funds & Retiring to Europe | 9/29/2007 |
| Q: Greetings, I hope you can assist me in this matter, I have been searching for help however no one ... A: You could try opening an account at an international U.S. Bank such as Citibank (Citicorp). I have ... | |
| working of nostro and vostro accounts | 9/9/2007 |
| Q: i would like to know how does nostro and vostro account work. if i am a forex trading firm how could ... A: An arrangement under which one bank (correspondent) holds deposits owned by other banks ... | |
| Loan transfer | 12/8/2006 |
| Q: Am running a business in Bangalore, India. I had put an advt in Internet to raise some loan for ... A: You know the old saying "If it looks too good to be true, it probably is". I'd say nobody but to ... | |
| Payment terms of business | 10/31/2006 |
| Q: Richard Thank you for your reply. From your answer it seems like I just have to go along with what ... A: It depends on a few questions. Ask yourself... what is the product? Is it readily available ... | |
| Payment terms of business | 10/31/2006 |
| Q: Richard I am currently negotiating the terms of business with a Chinese manufacturer. They are ... A: You are correct that there many ways to facilitate trade finance payments. But since the supplier ... | |
| foreign companies | 10/26/2006 |
| Q: I work for a retail and wholesale distributor specializing in natural stone products. I have noticed ... A: Basically it means Ltd. & Corp. or variations of the two. For SA, it depends where the company is ... | |
| Transfering funds from SA bank account to UK | 9/20/2006 |
| Q: I have funds in an SA Standard Bank account that I want to transfer to a UK bank account. What is ... A: That depends how much you want to transfer and the circumstances. A small amount may not be worth ... | |
| tlc | 8/19/2006 |
| Q: barr i have a buyer who is ready to issue a tlc for urea and i plan to tranfer it to a seller i ... A: What you're speaking of is called a "Transferable Documentary Credit" (transferable L/C) and can be ... | |
| Money transfer - foreign currency checks | 7/19/2006 |
| Q: I explored Western Union too. The catch is that it is for person-to-person money transfer. Whereas I ... A: "SWIFT" (Society for Worldwide Interbank Financial Telecommunication) runs a worldwide network for ... | |
| Money transfer - foreign currency checks | 7/18/2006 |
| Q: I am a freelancer doing transcription job for a client in USA. I am based in India. My client says ... A: If it's a small amount, it may be wise to use Western Union. The website highlighting India is at ... | |
| Hello, my name is Scott. I... | 3/28/2006 |
| Q: my name is Scott. I am a very literary and foreign language-based person but would love to ... A: I almost failed obtaining mt Business degree due to my poor calculus. Only by the grace of G-D (and ... | |
| International business | 2/22/2006 |
| Q: I am a student at the Bowling Green State University , my major is International Business. I have a ... A: Answering your questions in order... 1. Exactly what your job entail? A lot!!!! But to give you a ... | |
| italian banks | 6/30/2005 |
| Q: ------Hi Richard, The document actually says: Debito Pvbblico, Dello Statto Italiano, Prestito ... A: I think you should start at the source, which is the nation of Italy. I suggest you start at the ... | |
| italian banks | 6/20/2005 |
| Q: I have found an Italian document from the State Bank of Italy. It seems to be a public debt of ... A: It may be long lost money but more likely a wonderful collectable. Certainly NOT trash. ... | |
| foreign companies | 11/24/2004 |
| Q: I don't know if you can answer this or not, but here goes. Is there a way to investigate foreign ... A: This isn't my area of expertise but I can suggest you let your fingers do the walking by using the ... | |
| Opening L/Cs in Portugal | 9/10/2004 |
| Q: Barr, We are an import-export firm and are currently negotiating a transaction with a portuguese ... A: I'm no expert on Portugese law but this sounds highly suspect to me. It seems as if your potential ... | |
| i have 2.5 million and want... | 7/25/2004 |
| Q: i have 2.5 million and want to ask your opinion on what i should do to invest the money. A: Robert, That question can't be answered without much more detail. As a sample.... How much risk are ... | |
| L/C vs. escrow.com | 6/19/2004 |
| Q: Can you advise on the difference between the 2? An l/c is for a relatively large transaction. I'm ... A: A L/C is a bank instrument that guarentees payment to the seller if the l/c terms are adhered to. ... | |
| South Africa dilemma | 4/4/2004 |
| Q: We would greatly appreciate your advice on the following: We are a small family business registered ... A: Shona, If the company expenses are being paid for out of your manager's account, he must be running ... | |
| financial | 12/15/2003 |
| Q: i have about 600,000 to invest and i have not been able to find the investment im looking for. how ... A: Invest in my field? Would that be Banking, High-tech, Trade Finance, Venture capital or consulting? ... | |
| American Certified Cheque | 9/24/2003 |
| Q: How are you? My name is Riky and I am the Marketing Manager of a trading company based in Hong Kong. ... A: Firstly, American banking is different from most banking around the world. Without giving you a ... | |
| General Info | 5/17/2002 |
| Q: I am a high school sophomore doing a career search. I am very interested in international business, ... A: I had written you a long reply but allexperts decided to eat it. So let's try it again. ... | |
International Business
Answers by Expert:
Richard Barr
Top Expert on this page
Expertise
My professional expertise is International Banking, concentrating on the areas of Money Transfers/Payment Systems and Int`l Trade Finance. Due to the high amount of travel my job requires, I am competent to give information concerning "Business Travel" as well.
Experience
I have over 10 years of combined Banking/Trade Finance experience. Spreading over 4 continents. Having spent 5 years at Wells Fargo Bank provided me with a solid background in banking. After that, I moved to Israel and worked in Import/Export for 3 Years. Followed by another year as the resident expert in trade finance for the Jerusalem region of a medium sized bank. Capitalizing on my proficiency, I moved into the high-tech world where I remain today as a Business Analyst/Project Manager for Payment Systems.
Education/Credentials
Certificate in Speech Communications, AA in General Business. Both from Mission College, Santa Clara - California. BS in Int''l Business/Bus. Admin. From San Jose State University, San Jose - California
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