Forfaiting: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Expanded definition. Source: Standard definitions for techniques of supply chain finance report) |
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A process of purchasing a negotiable instrument without recourse to previous holders, the credit of the negotiable instrument normally having been strengthened by the additional of an aval. | A process of purchasing a negotiable instrument without recourse to previous holders, the credit of the negotiable instrument normally having been strengthened by the additional of an aval. | ||
A forfaiter, usually a bank or a non-bank financial institution, provides forfaiting services. | |||
The forfaiting agreement sets out the arrangement between the initial seller and the primary forfaiter. | |||
== See also == | == See also == | ||
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* [[Recourse]] | * [[Recourse]] | ||
* [[Without recourse]] | * [[Without recourse]] | ||
Revision as of 15:16, 27 April 2016
A process of purchasing a negotiable instrument without recourse to previous holders, the credit of the negotiable instrument normally having been strengthened by the additional of an aval.
A forfaiter, usually a bank or a non-bank financial institution, provides forfaiting services.
The forfaiting agreement sets out the arrangement between the initial seller and the primary forfaiter.
