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Forfaiting |
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Forfaiting A form of factoring that involves selling large, medium to long-term receivables to buyers (forfaiters) who are willing and able to bear the costs and risks of credit and collections. Forfaiting In international trade, the selling of an exporter's receivables for a particular transaction. It is similar to factoring except in scope. While a company sells all of its accounts receivable in factoring, an exporter only sells one receivable for one, perhaps high risk, transaction. In forfaiting, the buyer is known as a forfaiter, and assumes all the risks associated with collecting the receivables. Generally, the exporter forfaits the receivable at a discount. This improves cash flow but reduces income. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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It also received The Banker Technology Awards 06/Trade Finance Project and was cited as Best Global Trade Finance Provider 06 by Trade & Forfaiting Review. 7 times (x) and total financial debt of US$881 million plus US$231 million of forfaiting, resulting in leverage as measured by debt-to-EBITDA of 2. Prior to that, he headed up the forfaiting team at ING. |
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