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Contact Us1. Product Introduction
Forfaiting is a kind of bill discounting, which means the unconditional purchase by a forfaiter of the accounts receivable of an exporter, which have been accepted or guaranteed for payment by SHRCB under a deferred L/C.
2. Product Features
Exporters can promptly obtain forfaiting financing funds after delivery and shipment of goods, accelerating fund turnover.
The bank purchases the accounts receivable without recourse, assumes the risk and has no recourse against the client.
No need for client's credit limit.
3. Target Clients
Export enterprises under L/C settlements with a financing requirement post shipment, opting for the bank's purchase of accounts receivable.
Enterprises with limited working capital, requiring financing to expedite the turnover of accounts receivable but lacking sufficient credit limits with banks.
Enterprises seeking to mitigate commercial, political, and exchange rate risks associated with deferred receivables.
