Forfaiter

Forfaiter
Purchaser of promises to pay issued by importers.
? Mentioned in
Forfaiter (Primary) ...

FORFAITER (PRIMARY) - An individual or financial entity that arranges a forfaiting transaction directly...
FORFAITER (SECONDARY) - An individual or financial entity that buys or sells the payment obligations of...

Forfaiters work on the basis of single transactions.
Forfaiters generally work with medium-term receivables (180 days to seven years)
Forfaiters usually work with capital goods, commodities and large projects.

Forex See: Foreign exchange Forfaiter Purchaser of promises to pay issued by importers.

Forfaiting is a form of supplier credit in which an exporter surrenders possession of export receivables, which are usually guaranteed by a bank in the importer's country, by selling them at a discount to a "forfaiter" in exchange for cash.

The forfaiter takes on all risks involved with the receivables.[citation needed][1] The forfaiting operation is a transaction-based operation (involving Exporters) involving the sale of one of the firm's transactions.

Forfaiting - A form of factoring in which large, medium- to long-term receivables are sold to buyers (forfaiters) that are willing and able to bear the costs and risks of credit and collections.

[Harvey][WCSU] aval Bank guarantee for debt purchased by forfaiter. [WCSU] average (across-day) measures An estimation of price that uses the average or representative price of a large number of trades.

See also: Expense, On board, Direct investment, Force majeure, Credit insurance