Forfaiting Glossary

Glossary Items beginning with : M


The percentage usually added over a reference rate to reflect characteristics of the receivable including obligor/guarantor and country risk, tenor, specifics of the underlying trade and other macro economic conditions.


The date on which a Bill of Exchange or Promissory Note (debt instrument) becomes due for payment. Also refer to Tenor.


Export finance provided partly on commercial terms and partly on concessional terms.