CMB may purchase trade-related debts or other receivables without recourse to you at an agreed discount rate.
CMB buys a wide range of bills/documents: Banker' s Acceptance by the issuing and/or confirming bank under L/C transactions, usance bills of exchange or promissory notes guaranteed or avalised by banks.

Advantages:

·	You can be relieved from recourse under most circumstances;
·	Conversion of future receivables into cash, which makes your balance sheet more liquid;
·	Your receivable registries at SAFE can be written off before the receivables are actually due, which enables you to get export tax rebate immediately;
·	Becoming more competitive by concluding more favourable payment terms with the buyers, while you may add the cost for forfaiting into the sale price;
·	Your credit line with CMB will not be booked for forfaiting items.

You may approach CMB for our forfaiting service at any stage of a deal, namely, negotiation of contract, before or after shipment.

·	During commercial negotiation, you may ask CMB for the price of the forfaiting transaction;
·	You may also request CMB to forfait your bills whenever they are received from the importer.