Designates a financial instrument whereby an exporter sells a trade receivable it holds on a foreign customer. The transaction is carried out (i) with a discount to the receivables' face value, and (ii) Without recourse on the seller of the receivables.
Forfaiting(See Chapter 22 of the Vernimmen)
Designates a financial instrument whereby an exporter sells a trade receivable it holds on a foreign customer. The transaction is carried out (i) with a discount to the receivables' face value, and (ii) Without recourse on the seller of the receivables.
Designates a financial instrument whereby an exporter sells a trade receivable it holds on a foreign customer. The transaction is carried out (i) with a discount to the receivables' face value, and (ii) Without recourse on the seller of the receivables.