Forfaiting Glossary:
Definition results for your selection are shown below.
Transfer Risk:
The risk of an inability to convert local currency into the currency in which a debt is denominated.
Transferable Credit:
A credit which allows the beneficiary to transfer part, or all, of the credit rights to a third party, or parties, if part shipments are allowed.
Transit Credit:
Where a bank in a third country acts in an intermediary capacity between the issuing bank and the advisory bank.