Forfaiting – Trade Finance
Forfaiting is a method of trade financing which engages buying and discount of future payment promises without recourse basis. Forfaiting is a flexible method that can be applied to various types of trade receivables like commodities and services. We contribute from early negotiation of a deal to conclusive financial reimbursement for discount with no recourse of short and long payment terms, represented by letter of credit , bonds, promissory note, bill of exchange.
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- Discounting without recourse of the deferred payment
- The debt is usually stand for bills of exchange, documentary letters of credit, standby letters of guarantee, promissory notes
- Transaction amount can vary from EUR 100,000 to EUR 10,000,000 debts instruments accepted in Euro
Improve cash flow:
exporters will receive cash payment while offering credit terms to their clients
eliminate political, transfer and commercial risk for long term and credit payment
exporters by offering long term payment terms to their customers make their products more desirable.