INTESA SODITIC

Forfaiting is a simple yet dynamic trade finance tool which offers an array of advantages to the exporter, including: -

• 100% financing without recourse to the seller of the obligation.
• Transactions are concluded on a fixed or floating interest rate basis.

ELIMINATING RISK

• Removal from political, transfer and commercial risk
• Protection from the risk of interest rate increase and exchange rate fluctuations
• Up to 100% of contract value can be financed.

• Forfaiting converts a credit-based transaction into a cash transaction.
• Balance sheet is not burdened by accounts receivable, bank loans or contingent liabilities.

• Intesa Soditic Trade Finance Ltd provides fast, tailor made financing solutions.
• Commitments can be issued with hours/days depending on the country.

• Documentation is usually concise and straightforward
• Relieves the exporter from administration and collection problems
• No restrictions on origin of export

• By providing you with details of the country risks that Intesa Soditic Trade Finance Limited is able to forfait, we are creating possibilities for the exporter to consider export markets that may usually be thought too risky.
• Furthermore by ensuring that the exporter is aware of the maximum credit period possible for any particular country risk, we are ensuring that they are in the position of being able to provide the most competitive offer to their buyer.

INITIATING A TRANSACTION

• Country of destination
• Name of Foreign Buyer
• Name of Guarantor
• Total amount involved
• Term and repayment schedule
• Nature of goods to be exported
• Date of shipment
• Type of documentation (Bill of Exchange / Promissory Note / Letter of Credit and Letter of Guarantee)