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Forfeiting

Forfeiting refers to the business that the bank promises to discount all commercial draft acceptance from specific bill bearers within approved limit and tenure, or the bank promises to discount all commercial draft acceptance issued by specific drawers.

Features

1.    Essentially, bill sellers (or discount applicant) are granted with cash loan.
2.    Credit rating of specific bill drawers has been improved.
3.    Be favorable for the seller to grow sales, and extend its means of payment.

Target customers

Enterprise legal person and other organizations that have been approved and registered with local Industrial and Commercial Authorities.

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