Receivables Purchase / Discounting Program

The Receivables Purchase/Discounting Program comprises a family of facilities involving the purchase of specific, or groups of, receivables from the sale of goods and services to foreign or domestic buyers, with or without recourse to the seller. The facilities operated under this program are: Forfaiting, Invoice/Receivables Discounting, Factoring and Receivables Management, and Joint Bill Discounting/Financing and Refinancing.