Trade references are a way for business-to-business suppliers to complete a credit check.
Trade references are a way for business-to-business suppliers to complete a credit check. If you are trying to open a trade account with a new supplier you may be asked to provide at least two-three trade references.(who will be happy to confirm you pay regularly and on time etc.) You may need to provide a contact name and phone number for each reference and they will then be asked questions such as, how long the account has been open, Its credit limit and if there have ever been instances of last payment. Trade references can provide an overview of the financial wellbeing of a company. Actually, we have a lot of experience in the electronic parts market, including the C.E.O and workers, even though it has not been established for a very short time.