Buyers in emerging foreign markets are often able to obtain local bank guarantees.

Global Frontier Group (GFG) arranges the non-recourse sale, or forfaiting, of bank-guaranteed promissory notes, bills of exchange, and other debt obligations with repayment terms of up to five years.

Financing for transactions from $ 250,000 to $ 25,000,000 can usually be approved in less than a week and may cover 100% of the contract amount, most often at interest that are very attractive.

Forfaiting can be structured to accommodate any type of bank-guaranteed trade transaction. There are two typical types of forfaiting arrangements; Bank Guaranteed Promissory Notes and Drafts drawn under usuance letters of credit.

Other debt obligations eligible for forfaiting include notes issued by foreign governments, state-owned entities, or major overseas corporations.

Global Frontier Group (GFG) can facilitate the transaction in order to aid and shorten the processing time.