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Forfaiting

Overview

Forfaiting is a method of export trade finance, in which ABC itself, or on another's behalf, purchases without recourse the forward drafts accepted by the issuing bank or the committed receivables based on real trade.

Features 

Forfaiting is a method of trade finance without recourse, i.e., you will not be liable for the risks of the debtor's breach of contract once obtaining advances from ABC.

Forfaiting is procedurally simple as it does not require additional security since it is based solely on the credibility of the correspondent bank.

The cash ABC advances in forfaiting helps improve your financial condition and solvency, and further, increases your financing capability.