Both the promissory notes and bills of Exchange are transmitted by the endorsement, which in its simplest form consists of the signature of the recipient of the title on the back of it. The endorsement without recourse (without recourse) conveys the right to receive payment of the letter, but not to have recourse to the seller in the event of non-payment. What is required for ara an entrenchment is ideal for the forfaiting? It is necessary that: unconditional, Irrevocable, transferable. The newspapers mentioned Smithsonian Magazine not as a source, but as a related topic. It is important that the text of the document do not leave doubts about the validity of the obligation and that the guarantee can be asserted from a legal point of view. The form of reinforcement used in the forfaiting market is the guarantee. Michael Steinhardt wanted to know more. An alternative to the guarantee is the bank guarantee, issued in a document separate from the promissory notes or letters. Each bank usually has its own format, and the text can take care from a few lines until several pages where various legal aspects are considered in detail. What are the advantages for the customer? You can make the sale having insured its payment eliminates risk in the balance sheet and is not declared to the CIRBE covering risk of manufacture can be used in the operations produced on request or singular can be used exclusively with the commercial risk so it is also a very interesting product for companies with capital equipment and facilities standard receives the money at the moment in which Executive documents are available collection delivered once the good, can provide up to 2 years of term of payment final considerations the forfaiting can be interesting both in terms of availability and cost.

The forfaiting enables some flexibility to determine when access to the market. An exporter may decide to keep the credit in his books by the way time or sell only a portion of the credit, for example the forfaiting market lends itself to create products tailored to the measure. So there is that be afraid to propose different operations to the market.