Confiscation risk 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. | |||
==See also== | The forfaiting agreement sets out the arrangement between the initial seller and the primary forfaiter. | ||
* [[ | |||
* [[ | |||
Forfaiting is sometimes known as 'bill discounting'. | |||
== See also == | |||
* [[Aval]] | |||
* [[Bill of exchange]] | |||
* [[Bill discounting]] | |||
* [[Factoring]] | |||
* [[ITFA]] | |||
* [[Negotiable instrument]] | |||
* [[Promissory note]] | |||
* [[Recourse]] | |||
* [[Without recourse]] | |||
Revision as of 12:10, 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'.
