Initaiting a Forfaiting Transaction
What Exports Are Suited To Forfaiting?
Individual transaction minimum value of USD 100000/- with deferred credit terms of 90 days or more up to 7 years are ideally suited to Forfaiting.
Initiating A Forfaiting Transaction
Following information is required to give an indication on a specific transaction:
- Country of destination / Importer
- Name of Foreign Buyers
- Name of Guarantor (Bank)
- Total amount and currency of contract
- Financing term and repayment schedule
- Nature of goods to be exported
- Likely date of shipment