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Forfeiting and Risk Participation
 
Product Overview
CMB buys out the accounts receivable in international trade from foreign banks without recourse in the secondary market 

Advantages
Clients can transfer accounts receivable with high risks banks in secondary market transfers. This minimizes the risks and maximizes the efficiency of forex fund. 

Service Procedure
1. Offer and inquire
2. Conduct business review (including the review of L/C conditions and terms)
3. Limit application and review
4. Confirm the offer
5. Submit documents and authenticate them
6. Discount and payment
7. Follow-up
Note:
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.