Service Description

Also referred to as bills purchase , that is, the bank purchase without recourse the exporter's forward bills denominated in foreign currency.

Presently, we only offer forfeiting services for forward L/C (deferred L/Cs included).

Features

Through our forfeiting service, the exporter can convert account receivables into cash inflows to transfer all the underlying risks, including commercial credit risk, country risk, exchange rate risk, interest risk and risks associated with funds transfer, to the buyer (the bank).

More significantly, after being financed, the client can conclude the trade and thus get your drawback (tax rebate).

Besides, it does not occupy your credit line.

Business Handling

Please contact the handling branch for detail.