Forfaiting and discounting foreign currency

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Forfaiting and discounting in foreign currency

Collecting the debt claim before it falls due
Finance 100% of the debt claim amount
Operation without regress on the client
Create liquididites – improve the cashflow by collecting the debt claim before it falls due
Simple documentation.

Forfeiting and discounting in foreign currency are the ideal solution for your business if...

you use the irrevocable letter of credit or the guaranteed promissory note to collect the merchandise delivered, and the business partner wants to pay by the due date, we help you to get funding before the due date.

How does the product work?

If you are the beneficiary of an irrevocable letter of credit in foreign currency payable by the due date or of a promissory note guaranteed by a bank agreed by BRD, we provide you with 100% of the amount of the debt claim (minus the costs related to the forfeiting operation).

What are the conditions?

The bank issuing the letter of credit or the bank guaranteeing the script note is agreed by BRD. In these conditions, the operation is called forfeiting and ii is without regress. Otherwise, it is called discounting and it is a regress operation.

Can this letter of credit be forfeited?

Yes, if it is an irrevocable letter of credit payable on the due date in foreign currency, and the issuing bank has been agreed by BRD.

When do I get my funding?

After the documents submitted as part of the letter of credit have been checked by the issuing bank and confirmed on the due date.

What costs does it involve?

For a customised offer, contact the Factoring Division at the email address: comercial.factoring@brd.ro, or the client consultant.
For every type of transation, the Factoring Division can send you a personalized offer of costs.

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Forfaiting and discounting in foreign currency