Activity Code

6499019

Activity Description English

Forfaiting Services

Activity Group

Activity Sub-Category

Activity Type

Description

Includes firms engaged in purchasing commercial bills and credit documents or other receivables at certain discount by paying cash, thus the forfaiter frees the exporter or the beneficiary from the debt and becomes the entity to whom the importer will pay, the documents involve normal, deferred and standby letters of credit, promissory notes, bills of exchange, irrevocable payments guarantees.

Freezone

Master Activity

Package Type

Non-package