作业帮英语翻译不要翻译软件的不要翻译软件的The word “forfeiting” comes from the Frenc
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英语翻译
不要翻译软件的
不要翻译软件的
The word “forfeiting” comes from the French “a forfait”and thus conveys the idea of surrendering rights,which is of fundamental importance in forfeiting.This expression is rendered by “Forfaitierung” in German,“le forfaitage” in French,“la forfetizzazione”in Italian and “la forfetizacion”in Spanish.Simply speaking,forfeiting is the business of discounting medium-term promissory notes or draft related to an international trade transaction.The promissory note or draft is guaranteed by an importer's bank ensuring the holder thereof that the importer will pay it at maturity.
The origins of the forfeiting market lay in changes in the world economic structure that took place during the late fifties and early sixties of the 20th century,when the seller's market for capital goods gradually changed into a buyer's market.
A considerable expansion in international trade took place,accompanied by an increasing tendency for importers to demand periods of credit extending beyond the traditional 90 or 180 days.
In addition,these times saw the lowering of trade barriers created in the prewar years of depression and the cold-war era.The resurgence of trade between the West and Eastern Europe coupled with the growing importance of the developing countries of Africa,Asia and Latin American created many financial problems for the West European exporters.
Furthermore,the arrival of these markets come at a time when the heavy investment commitments of exporting firms prevented them from financing such medium-tern supplier credits out of their funds,and the existing banks were unable to offer the services the exporters desired.Forfeit finance was thus created to satisfy growing demands in international finance.
Advantages of forfeiting to the exporter:
1.Forfeiting relieves the balance sheet of contingent liabilities.The finance is without recourse,so there is no need for any contingent liability on the exporter's balance sheet,Forfeiting dose not affect any other facilities,e.g.overdraft.
2.The exporter receives cash in full at the outset.Forfeiting improves liquidity and the exporter has an increased borrowing capacity.The financing costs can be passed on to the buyer if the exporter is in a strong bargaining position.
3.Forfeiting avoids possible losses through only partial state or private insurance over and the negation of possible liquidity problems unavoidable under the claim period with insurance cover.
4.Forfeiting involves no interest rate risk for the exporter.The rate of discount applied by the forfeiter is fixed,and subsequent changes in the general level of interest rates do not affect the discount.
5.Under forfeiting there is no risk of fluctuations in the exchange rate and no changes in the status of the debtor.All exchange risk,buyer risks,and country risks are removed.
不要翻译软件的
不要翻译软件的
The word “forfeiting” comes from the French “a forfait”and thus conveys the idea of surrendering rights,which is of fundamental importance in forfeiting.This expression is rendered by “Forfaitierung” in German,“le forfaitage” in French,“la forfetizzazione”in Italian and “la forfetizacion”in Spanish.Simply speaking,forfeiting is the business of discounting medium-term promissory notes or draft related to an international trade transaction.The promissory note or draft is guaranteed by an importer's bank ensuring the holder thereof that the importer will pay it at maturity.
The origins of the forfeiting market lay in changes in the world economic structure that took place during the late fifties and early sixties of the 20th century,when the seller's market for capital goods gradually changed into a buyer's market.
A considerable expansion in international trade took place,accompanied by an increasing tendency for importers to demand periods of credit extending beyond the traditional 90 or 180 days.
In addition,these times saw the lowering of trade barriers created in the prewar years of depression and the cold-war era.The resurgence of trade between the West and Eastern Europe coupled with the growing importance of the developing countries of Africa,Asia and Latin American created many financial problems for the West European exporters.
Furthermore,the arrival of these markets come at a time when the heavy investment commitments of exporting firms prevented them from financing such medium-tern supplier credits out of their funds,and the existing banks were unable to offer the services the exporters desired.Forfeit finance was thus created to satisfy growing demands in international finance.
Advantages of forfeiting to the exporter:
1.Forfeiting relieves the balance sheet of contingent liabilities.The finance is without recourse,so there is no need for any contingent liability on the exporter's balance sheet,Forfeiting dose not affect any other facilities,e.g.overdraft.
2.The exporter receives cash in full at the outset.Forfeiting improves liquidity and the exporter has an increased borrowing capacity.The financing costs can be passed on to the buyer if the exporter is in a strong bargaining position.
3.Forfeiting avoids possible losses through only partial state or private insurance over and the negation of possible liquidity problems unavoidable under the claim period with insurance cover.
4.Forfeiting involves no interest rate risk for the exporter.The rate of discount applied by the forfeiter is fixed,and subsequent changes in the general level of interest rates do not affect the discount.
5.Under forfeiting there is no risk of fluctuations in the exchange rate and no changes in the status of the debtor.All exchange risk,buyer risks,and country risks are removed.
词"放弃" 来自法国人"forfait"and 因而表达投降权利想法,是根本重要在放弃.这个表示由"Forfaitierung" 回报用德语,"le forfaitage" 在法国,"la forfetizzazione"in 意大利语和"la forfetizacion"in 西班牙语.简单地讲话,放弃是打折中期期票或草稿的事务与一种国际贸易交易有关.期票或草稿由importer's 银行保证保证进口商将支付它在成熟的囤户因此.放弃的市场位置的起源在变化在发生在20 世纪的五十年代末和六十年代期间的世界经济结构上,当seller's 市场为投资货物逐渐改变了到buyer's 市场.可观的扩展在国际贸易发生了,由一个增长的倾向陪同为进口商对信用的需求期间延伸在传统90 或180 天之外.另外,这些时代看了降低贸易壁垒被创造在战前岁月消沉和冷战争时代.贸易回潮在西方和东欧之间被结合与发展中国家的成长的重要性非洲,亚洲和拉丁美洲制造了许多财政问题为西欧出口商.此外,这些市场到来来当出口公司的重的投资承诺防止了他们提供经费给这样媒介燕鸥供应商信用在他们的资金外面时候,并且现有的银行无法提供服务出口商渴望.丧失了的财务因而被创造满足扩大需求在国际金融.好处放弃对出口商:1.放弃免除资产负债表或有负债.财务是没有依赖,那么那里是对任一或有负债的没有需要在exporter's 资产负债表,放弃药量不是影响所有其它设施,即超支.2.出口商接受充分获利在最初.放弃改进流动资产并且出口商有增加的borrowing 容量.财务费用可能传递到买家如果出口商是在一个强的交易地点.3.放弃避免可能的损失通过唯一部份状态或私有保险结束和可能的流动资产问题的否定难免在要求期间之下以保险盖子.4.放弃不介入利息风险为出口商.折扣的率由forfeiter 申请是固定的,并且随后变化在一般兴趣级别率上不影响折扣.5.在放弃之下没有波动在交换率和没有变化风险在债家上的状态.所有交换风险、买家风险,和国家风险被去除.