Forfaiting can be applied to a wide range of trade related and purely financial ( ). Although discounted receivables typically have maturities over medium terms of 3 to 5 years they can be as ( ) as 6 months or as long as 10 years.
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国际贸易中的福费廷,一方面,是出口商( )票据,放弃了对所出售票据的一切权益,包括收款权;另一方面,包买商( )票据,也必须放弃对出口商所贴现款项的( )权。出口商将与收款相关的所有风险全部转嫁给包买商。
Forfaiting is a flexible ( ) technique that can be tailored to the needs of a wide range of counterparties and domestic and ( ) transactions.
The key characteristics of Forfaiting are:1. 100% financing ( ) to the seller of the debt.2. The payment obligation is often but not always supported by a ( ).3. The debt is usually evidenced a legally enforceable and ( ) payment obligation such as a bill of ( ), promissory note, letter of credit or note purchase agreement.4. Transaction ( ) can range from US$100,000 to US$200 million.5. Debt instruments are typically denominated in one of the world’s major currencies, with ( ) and US Dollars being most common.6. Finance can be arranged on a fixed or ( ) interest rate basis.