Forfaiting is to sell an unconditional debt obligation arising from the supply of goods and/or services (bill of exchange) at a discount to a third party (forfaiter) on a without recourse basis.
The bills of exchange are issued by the exporter accepted by the importer, and guaranteed by the forfaiter.
Features and Advantages
- The exporter benefits from immediate use of funds and prevailing country risk.
- HSBC Bank A.Ş. mediates in forfaiting transactions for its exporting customers
For further information, please contact the nearest HSBC Bank A.Ş. branch or call HSBC Bank Telephone Banking at 444 0 424.