About ForfaitingForfaiting is a method of trade financing that allows exporters to obtain cash and be free of all risks by selling their medium term receivables on a "without recourse" basis. It is a flexible product and can be modified to suit the exporters' particular requirements, enabling them to receive a lump sum payment shortly after delivery. Forfaiting can be an alternative to export credit or insurance cover, especially for those transactions in which the export credit agency is not open to a particular country and/or bank. Where export credit is available, forfaiting can be used to finance the uncovered portion.
Enhancing Competitive Advantage
Increasing Cash Flow