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 0850 211 0 424.