Question
Forfaiting
Answer :
Word Count : 265
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Skip in 10
Forfaiting is a financial technique widely used in international trade to facilitate the export of goods by providing exporters with immediate cash payment while transferring the risk of non-payment to a forfaiter. It is particularly useful in medium- to long-term trade transactions, where the exporter sells goods on credit terms to a foreign buyer. In this process, the exporter sells the receivables, such as promissory notes, bills of exchange, or other negotiable instruments, to a forfaiting institution at a discount. The forfaiter, usually a specialized financial institution or bank, assumes
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