I know a little about factoring, but "forfaiting" is a new one for me. https://en.wikipedia.org/wiki/Forfaiting In trade finance, forfaiting is a financial transaction involving the purchase of receivables from exporters by a forfaiter. The forfaiter takes on all the risks associated with the receivables but earns a margin.[1] The forfaiter may also be immunized from certain risks if the transaction involves payment by negotiable instrument.[2] The forfaiting is a transaction involving the sale of one of the firm's transactions. [1] Factoring is also a financial transaction involving the purchase of financial assets, but factoring involves the sale of any portion of a firm's receivables.[3]