Forfaiting
INTERNATIONAL INNOVATION.
Used in transactions of USD 100K—100M (or foreign equivalent), this innovative product provides non-recourse discount of negotiable debt instruments including bills of exchange, promissory notes, bank accepted drafts, deferred payment LC's and obligations supported by bank guarantees or standby letters of credit. Other features and benefits include:
- Fixed rate, at spread over LIBOR
- Short to Long Term – 180 days up to 7 years
- No credit lines required
- Immediate payment
- Improved cash flow
- Learn more at www.hsbc.com
