A confirming house is an organization that acts as an intermediary between local exporters and overseas buyers. It pays for goods in the exporters' currency, negotiates prices, arranges shipment and insurance, and provides vital information for the overseas buyers.
In economics, the J-Curve illustrates the expected turnaround in an activity, such as foreign trade, where the initial deterioration is followed by a significant improvement.
A comprehensive overview of merchant banks, evolving from financing foreign trade to multifaceted financial institutions providing venture capital, advising on takeovers, and managing investment portfolios.
