European Group

Forfaiting – letter of credit back to back

file2551263244881In collaboration with bank and privates institutes, we are able to offer the confirmation or discounting or back to back of the letter of credit for destination all over the world, including “risk” countries.

Forfaiting

You can receive payment in cash at the time of sale of the receivables, thus achieving a cash sale upon shipping the goods while at the same time avoiding carrying out collections under emerging market laws.
Political, transfer and currency risks are eliminated, just like the possibility of bad debts caused by importers or guarantor banks being unwilling or unable to pay.

Back to back

Back-to-back L/C is a type of letter of credit issued in case of intermediary trade. Intermediate companies such as trading houses are sometimes required to open L/Cs by supplier and receive Export L/Cs from buyer.

Contact: jaklin@europeangroup.financial