Confidential information 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. | |||
==See also== | |||
* [[ | Forfaiting is sometimes known as 'bill discounting'. | ||
* [[ | |||
* [[ | |||
One application is the discounting - without recourse - of a promissory note, bill of exchange or letter of credit received from an overseas buyer by an exporter. | |||
== See also == | |||
* [[Aval]] | |||
* [[Bill of exchange]] | |||
* [[Bill discounting]] | |||
* [[Factoring]] | |||
* [[ITFA]] | |||
* [[Negotiable instrument]] | |||
* [[Promissory note]] | |||
* [[Recourse]] | |||
* [[Supply chain finance]] | |||
* [[Uniform Rules for Forfaiting]] | |||
* [[Without recourse]] |
Revision as of 11:26, 10 February 2017
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'.
One application is the discounting - without recourse - of a promissory note, bill of exchange or letter of credit received from an overseas buyer by an exporter.