If some form of arbitration is required, The International Chamber of Commerce handles the majority of these. ICC publications for a wide range of subjects are available. For general disputes over aspects of a trade deal, go through your local district office of the Department of Commerce. Simple collection claims are not accepted. Managing Risk - Currency Transaction Exposure Fluctuations in currency exchange rates expose exporters to an additional business risk.
Forward contracts used for transaction-exposure management are for the exact amount of the exposure.
The buyer and seller agree that all purchases will be made in one currency as long as the spot rate of exchange is inside an agreed upon range. Risk sharing arrangements are helpful in maintaining good long-term relations with international trading partners and are commonly used. A useful primer on currency transactions is available from Wells Fargo International Services . Information is also available at the London International Financial Futures Exchange and the Chicago Mercantile Exchange . The Overseas Private Investment Corporation is an independent U.S. Government agency that sells investment services to assist U.S. companies investing in some 140 emerging economies around the world.