Forfaiting

Taiwanese exporters often hesitate to accept Usance LCs or DAs, especially those from countries which carry higher country risk or where foreign exchange is restricted. Forfaiting offers a way for exporters to mitigate buyer and country risks yet still agree to these trade terms, as well as to speed up cash flow.

Advantages to Exporters

• Risk protection
  Transfer country risk and counterparty risk to HSBC with our “without recourse” Forfaiting services.
• Improve cash flow
  Relieved funding pressure with early payments.
• Improve financial statement
  Reduce account receivable and company liability on the balance sheet based on the without recourse features.
• Save administrative expenses
  HSBC takes full responsibilities in collections and the related charges.
• Simple procedures
  Quick response to inquiries and simple paperwork

Easy and flexible approach in services

HSBC’s forfaiting services are flexible and simple. Usually we are able to provide an answer and initial quotations within three business days.

For further information on Forfaiting, please contact Mr. Chen or Miss Zhang at 02-2345 8122.