An individual or financial entity that arranges a forfaiting contract directly with an exporter and then holds or sells on the payment obligations of the importer/guarantor.

An individual or financial entity that buys (other than from the exporter) or sells the payment obligations of the importer/guarantor.

Purchaser of promises to pay issued by importers.

Forfaiter (Secondary) Forfaiting

Forfaiter Primary Forfaiter Secondary