Import forfaiting

When deferred payment and certainty of payment go hand in hand

Import forfaiting

When deferred payment and certainty of payment go hand in hand

Certainty of payment

The beneficiary benefits from risk cover, as there is greater certainty of payment.

Fast

The beneficiary of the documentary credit receives its funds quicker.

Advantageous

The client keeps the same credit period.

Deferred payment

You prefer a simple financing method, the cost price of which is known in advance? And to be sure that you’ll be paid? That’s understandable, given the many risks that importers and exporters have to deal with. If this sounds like you, you might like to consider import forfaiting.

Import forfaiting is a non-recourse form of financing of our deferred payment undertaking under an Import Documentary Credit. The client (importer) signs an agreement with KBC enabling us to make a financing offer to the beneficiary (exporter) within the terms and conditions of the Import Documentary Credit. If the beneficiary accepts the offer, it must instruct the advising bank to request KBC to prepay. KBC will credit the beneficiary immediately on acceptance of its documents.

This form of financing is also possible under an Import Documentary Collection, subject to the importer’s acceptance of the bills of exchange.

The benefits

  • The beneficiary of the documentary credit receives its funds faster and at a lower rate of interest than offered by its house bank.
  • The client keeps the same credit period.
  • The beneficiary enjoys certainty of payment.

More information

Do you want to receive goods now and only pay for them later? If so, don’t hesitate to contact your Relationship Manager, who can provide you with more information about import forfaiting.

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