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❓What is forfaiting? ITFA’s Deputy Chair Lorna Pillow spoke to TTP’s Deepesh Patel during ITFA Week London, which Trade Treasury Payments (TTP) were delighted to be media partners at! 📚Forfaiting is a method of trade finance whereby the forfaiter purchases, on a without recourse basis, debt obligations arising from the supply of goods and/or services. The Standard Definition for Techniques of Supply Chain Finance defines forfaiting as “a form of Receivables Purchase. It is without recourse purchase of future payment obligations, represented by negotiable or transferable financial instruments; at a discount or at face value in return for a financing charge.”
