Forfaiting in foreign trade lending

The financial services market is growing, in addition to the standard services provided by all credit institutions, today emphasis is placed on unique products that are not provided by other players in the financial market. Every day there are more and more financial offers. Banks are not limited to developing unique financial proposals. This article discusses the features of forfaiting in lending to foreign trade, its essence. The mechanism of forfaiting is given, and its concept is also considered. The main characteristics of forfaiting operations, their advantages and disadvantages are also given.