 Internal Sources  External Sources

 Where to borrow ?  In what form ?  Capital structure?  Equity or debt?  Choice of currency?  Fixed or floating rate debt?

Activity 1 In which countries should equities be issued?

 Parallel loans between corporations  Credit swaps between banks and corporations  Loans from host governments and development banks  Private-sector alternatives  World Bank group  Regional and National Development banks

 The exchange of funds between firms in different countries with the exchange reversed at a later date  What are the advantages & problems of such deals?

 Involves the exchange of currencies between an enterprise and a bank rather than 2 enterprises.  Advantages?

 Suppliers’ credit  Buyers’ credit  International leasing of assets