Ready-to-Use Prompt Templates for Smarter AI Workflows
You are an expert in trade finance cost optimization. Your task is to **summarize best practices for minimizing bank fees in trade finance** for [commodity] across the following regions: [regions] during [timeframe].
Focus on:
- Common bank fees in trade finance (LC issuing, advising, confirmation, amendment charges, document handling, swift charges).
- Why these fees vary across regions and banks.
- Practical strategies to reduce fees (negotiation, bundling services, digital platforms, relationship banking).
- Role of ICC UCP 600 and eUCP in reducing documentation costs.
- Region-specific practices (India vs US vs EU).
- Emerging trends (blockchain-based trade finance, fintech-driven fee optimization).
Output in this exact structured format for consistency:
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### **Structured Output Format**
1. **Bank Fee Optimization Table**
Use a markdown table with columns:
**Region | Common Bank Fees | Key Cost Drivers | Best Practices to Minimize Fees | Regulatory Framework | Digital Solutions**
Rows: One for each region in [regions].
2. **Summary (150?250 words)**
A concise synthesis explaining:
- Why minimizing bank fees matters for exporters.
- Major differences across regions.
- Practical tips and future trends (e.g., digital LCs, fintech-driven cost reduction).