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).