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FORFAITING

Statistics Directorate    
Definition:
A mechanism, most commonly used in medium- and long-term credit, involving the purchase of promissory notes or bills of exchange by the forfeiter, at a discount. Banks or other financial services entities often own forfeit companies.

Source Publication:
IMF, 2003, External Debt Statistics: Guide for Compilers and Users – Appendix III, Glossary, IMF, Washington DC.

Hyperlink:
http://www.imf.org/external/pubs/ft/eds/Eng/Guide/index.htm

Statistical Theme: Financial statistics

Created on Thursday, August 28, 2003

Last updated on Wednesday, January 04, 2006