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In international trade, banking transactions and relations between banks in different countries are considered one of the factors affecting the export and import process. The status and quality of those relations determine the nature of transactions between local banks (the exporter’s bank) and foreign banks (the importer’s bank). Also, the absence of banking relations between banks in both countries make it difficult to execution financial procedures necessary to complete the export process. And to manage and facilitate international banking transactions, banks adopt the relation of "correspondent banks “between them and banks in other countries. "Correspondent banks" are a network of foreign banks and financial institutions that the local bank uses or deals with to provide money transfer services, foreign trade financing, documentary credits and other financial services for the benefit of local clients or international bank activities.
Beside idntefaining the importer's creditworthiness, the exporter must take into account the state of banks relations (whether they exist or not) and their type (available operations) between the local banks that he deals with and foreign banks in the importer’s country while studying the target market.
Exporter can identify that through the tool "International Banking Transactions" which consists of data about banking relations between Saudi banks and foreign banks in 33 different countries, it allows the exporter to search by the country (the target market) or the local bank, or the type of transaction (available operations).