Forfaiting

Forfaiting referred means trade financing as describe below: the bank, after the acceptance of the debt instruments (including but not limited to usance bills, promissory notes or the accounts receivable) by the issuing bank, confirming bank or other nominated bank (the "accepting bank" or the "honoring bank") , purchases such debt instruments without recourse against any previous holder of debt instruments due to mature in the future and arising from the provision of goods and services upon the corporate customer’s application, EXCEPT for the unlawful or fraudulent transactions, falsified bills or documents by the corporate customer.