Forfaiting without recourse is a clean way to sell eligible export receivables and convert future-dated payment obligations into immediate cash. The credit risk is primarily on the obligor bank or accepted instrument, not on your balance sheet, provided the structure and documents meet the buyer’s requirements.
Financely provides advisory and arrangement support for forfaiting through regulated partners. We are not a bank and we do not purchase receivables from our own balance sheet. Our role is to package a lender-ready receivables schedule, confirm instrument eligibility, and coordinate a controlled indication and execution process.
This calculator is an indicative estimator based on flat discount ranges often seen in the market for clean, bank-accepted instruments. It is not a binding quote. Final pricing depends on obligor bank tier, country risk, tenor, currency, document quality, and transaction size.
Indicative Discount: -
Estimated Net Proceeds: -
Selected Tenor Range: 181–360 days
Forfaiting works best with clean, bank-supported payment obligations that can be transferred and enforced without ambiguity. Typical eligible instruments include:
The quickest mandates are the ones where the exporter arrives with a clean schedule and a complete documentary chain.
We review your receivables schedule, instrument copies, obligor bank risk profile, tenor, and country exposure to confirm realistic appetite.
We confirm acceptance language, endorsement rules, governing law logic, and any notice or perfection steps needed for a clean sale process.
We coordinate indicative pricing and structure options through regulated partners and suitable receivables buyers aligned to your instrument type and jurisdiction.
After final approvals and documentation, the receivables are assigned or endorsed and funds are released to the exporter in line with the agreed settlement mechanics.
Traditional bank loans often require broader balance sheet support and tighter covenants. Forfaiting, when available, can be simpler and faster because it is tied to a specific, bank-supported export payment obligation.
| Feature | Forfaiting Without Recourse | Traditional Bank Loan |
|---|---|---|
| Risk Basis | Primarily obligor bank or accepted instrument risk. | Primarily borrower balance sheet risk. |
| Impact on Leverage | Can improve cash conversion without increasing classic debt metrics in many structures. | Usually increases leverage and covenant monitoring. |
| Speed for Clean Files | Often faster if instruments and documents are clean. | Can be slower due to broader credit underwriting. |
| Use Case | Export receivables with bank-backed acceptance or avalisation. | General working capital or capex needs. |
We keep client identities confidential. The examples below reflect anonymized mandate types and typical structure patterns we see in the market when the instruments and obligor bank risk are clean.
| Instrument Type | Indicative Size Range | Tenor Range | Use Case |
|---|---|---|---|
| Avalised promissory notes | $2M–$20M | 120–360 days | Manufactured goods exports into investment-grade bank-supported buyers. |
| Accepted bills of exchange | $1M–$15M | 90–270 days | Repeat shipment programs with standardized documentary flows. |
| Deferred payment LCs | $5M–$40M | 180–540 days | Commodity and industrial supply chains requiring accelerated cash conversion. |
Share your receivables schedule, instrument copies, obligor bank details, and export contract references. We will confirm eligibility, outline indicative pricing logic, and coordinate the most credible route to a non-recourse sale through regulated partners.
Submit Your ReceivablesDisclaimer: This page is for general information only and does not constitute legal, financial, or regulatory advice. Financely acts as advisor and arranger through regulated partners and is not a bank or direct lender. Financely does not guarantee forfaiting approvals, advance rates, timelines, or pricing. All mandates are subject to due diligence, legal documentation, KYC, AML, sanctions screening, obligor bank and country risk review, valid acceptance or avalisation, and approvals by relevant institutions. Professional and corporate audience only.
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