As an exporter, you ship capital and other goods to countries around the world. Typically, you agree due dates for payment with importers based in other countries. We can finance the amounts owed to you for these payment periods. For German exporters, cover is often available from the German federal government (Hermes cover).
With forfaiting, you sell your medium- and long-term export receivables to us, improving your liquidity. And you make the export sale without recourse, i.e. with no liability regarding the importer's possible default on the receivables. Your receivables are backed by a letter of credit, bank guarantee or avalized bill of exchange.