Factoring and Forfaiting services and Off-Balance sheet Items JAIIB | PPB Unit 7

Factoring and Forfaiting services and Off-Balance sheet Items JAIIB | PPB Unit 7
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In this video we will study about
Factoring is a service that is connected with the financing and collection of account receivables in domestic and international trade. Forfaiting is a means of finance an exporter of goods avails from an intermediary called the forfaiter against the export receivables but without the obligation to repay the credit. It is used in international trade.The items in the books of a bank which are not mentioned in the balance sheet, is known as off-balance sheet items. converted into assets/liabilities upon happening of certain events.
Bank Guarantee
the guarantor/surety, Principal debtor, and the creditor/beneficiary.
Bank Guarantee is a contingent liability.
Letter of Credit

FRA (Forward Rate Agreement) and IRS (Interest Rate Swap)

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