FORFAITING title: forfaiting (FI) (SAP Library - Glossary)
FORFAITING category: Financial Accounting (FI)
FORFAITING explained:
A form of financing common in foreign trade.
Given sufficient certainty that receivables will be paid, special institutions purchase bills of exchange or receivables from exporters, without the exporter being liable to recourse in the event of non-payment.
Exporters improve their liquidity (by converting receivables into cash) and remove long-term receivables from their balance sheet.
More terms such as forfaiting in Dictionary F.
- Manual Financial Reporting Process:
- Help of creating financial statements for financial accounting. The statements can be monthly, quarterly, or annual. The financial reporting process can extend over a period of several weeks until the forfaiting definition.
- Manual First-Stage Dealer:
- Help A dealer, in India, that deals in goods from manufacturers from India and abroad. Goods can be obtained: From the manufacturing plant directly From a depot belonging to the manufacturer forfaiting explain.
- Manual Funds Center:
- Help area of responsibility area in Funds Management. The funds center is an organizational unit within a Financial Management area to which budget can be assigned. Funds centers are structured in a multi forfaiting what is.
- Manual Facility (XAP-EM):
- Help A collective term for technical facilities and equipment, organizational units, and processes forfaiting meaning.
- Manual Freight List:
- Help Document that specifies which goods will be on the vehicle after the loading operation is complete forfaiting abbreviation.
