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In trade finance, forfaiting is a financial transaction involving the purchase of receivables from exporters by a forfaiter. The forfaiter takes on all the risks associated with the receivables but earns a margin.〔Where are the independent and verifiable cites for this? Links?〕 The forfaiter may also be immunized from certain risks if the transaction involves payment by negotiable instrument.〔''A.I. Trade Finance, Inc. v. Laminaciones de Lesaca, S.A.'', 41 F.3d 830 (2d Cir. 1994).〕 The forfaiting is a transaction involving the sale of one of the firm's transactions. 〔 Factoring is also a financial transaction involving the purchase of financial assets, but factoring involves the ''sale'' of any portion of a firm's receivables.〔J. Downes, J.E. Goodman, "Dictionary of Finance & Investment Terms", Baron's Financial Guides, 2003; and J.G. Siegel, N. Dauber & J.K. Shim, ''The Vest Pocket CPA'', Wiley, 2005.〕 ==Characteristics== The characteristics of a forfaiting transaction are: * Credit is extended to the importer for a period of between 180 days and seven years. * The minimum bill size is normally $250,000, although $500,000 is preferred. * The payment is normally receivable in any major convertible currency. * A letter of credit or a guarantee is made by a bank, usually in the importer's country. * The contract can be for either goods or services. At its simplest, the receivables should be evidenced by a promissory note, a bill of exchange, a deferred-payment letter of credit, or a letter of forfaiting. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「forfaiting」の詳細全文を読む スポンサード リンク
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