ForfeitingAbout Product

Product description

Česká spořitelna offers forfeiting as an effective method of export and domestic receivables financing.

The bank buys accounts receivable with deferred maturity without recourse against the sellers or their predecessors. The purchase is made either directly from the first creditor (beneficiary of the Letter of Credit, remitter of a bill of exchange), i.e. purchase on the primary market, or from subsequent acquirers of receivables (secondary forfeiting market).