ESG and Forfaiting: Difference between pages
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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 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. | |||
Forfaiting is sometimes known as 'bill discounting'. | |||
== See also == | == See also == | ||
* [[ | * [[Aval]] | ||
* [[ | * [[Bill of exchange]] | ||
* [[ | * [[Bill discounting]] | ||
* [[ | * [[ITFA]] | ||
* [[ | * [[Negotiable instrument]] | ||
*[[ | * [[Promissory note]] | ||
* [[ | * [[Recourse]] | ||
* [[ | * [[Without recourse]] | ||
Revision as of 12:09, 20 June 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.
Forfaiting is sometimes known as 'bill discounting'.
