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Forfaiting
Forfaiting is nonrecourse export financing. It is risk-free,
aggressive, flexible, cost effective and world class. It makes other exporters
more competitive. GML arranges forfaiting and other trade finance services
primarily through European sources to U.S. companies for these countries.
GML enables you to focus on your primary business rather than trying to
stay current on the sources and availability of trade finance for a particular
transaction. We pride ourselves on providing quick responses and personal
attention to the essential details of each transaction. We look forward
to working with you.
Global Markets Limited
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Forfaiting
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Discounting of time drafts arising from letters of credit
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Arranging EXIM Bank transactions
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Specialized Trade Finance structuring
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Pre-Export Finance
The Benefits of Forfaiting
Risk Free
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Nonrecourse payment to exporter at shipment.
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No political, currency or commercial risk.
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No bad debts or collection problems.
Improves Cash Flow
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Frees up working capital.
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Cash received at shipment.
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Meets buyer's needs for deferred payment.
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Does not tie up seller's credit lines.
Increases Sales
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Deferred payment may create large orders.
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Agents and distributors can build inventory while deferring
payments.
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Facilitate sales into high-risk countries.
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Competitive international marketing tool.
Cost Effective
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Competitive cost. Usually passed to the buyer.
Flexible
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Financing commitments available up to 2 years in advance.
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Credit period up to five years.
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Grace period up to 2 years.
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Finance capital projects, new and used equipment, services
and commodities.
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Quick response, often within hours.
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Multiple currencies available.
Simple to use
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Payment is based on bill of lading and debt instrument -
usually promissory notes or bills of exchange.
For further information, contact Global Markets
Limited.
CONTACT RAMESH C MANGHIRMALANI
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