Social Sciences, asked by krishnaukani72, 2 months ago

(1) Forfaiting is a non-fund based facility

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Answered by poojadixit5711

0

Answer:

Forfaiting is a means of financing that enables exporters to receive immediate cash by selling their medium and long-term receivables—the amount an importer owes the exporter—at a discount through an intermediary. ... A forfaiter is typically a bank or a financial firm that specializes in export financing.

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