We understand the challenges facing exporters in Macedonia. Your export business requires a tool that allows you to convert deferred payments into cash transactions. ProCredit Bank therefore offers forfaiting to increase the competitiveness of your goods overseas.
What is Forfaiting?
forfaiting(discounting) a letter of credit represents the purchase of a trade demand that arises from the executed export of goods and services with payment by the bank of the forfaiting(bank of the user of the letter of credit) on a future (agreed) date.
The purchase of a claim is without recourse, and the exporter (seller of goods) receives funds lowered by the interest rate of the bank Forfaiting(bank of the user of the letter of credit).
How can I apply for Forfaiting?
- Apply by filling out an application form to issue payment collection documents
- Request your business partner’s bank to send a loro guarantee to ProCredit Bank
- For further information, please call our Contact Centre on: 02/ 2446 000 or email us at: firstname.lastname@example.org