How can the exporter be certain that financing is in place before it signs the contract?
If the exporter is reasonably confident of being awarded the contract, and wants to fix the discounting costs, GTF may be in a position to grant the exporter an option. The option is a commitment given for a determined period of time. It fixes all the discounting conditions and allows the exporter to sign the commercial contract with the certainty that it will be able to sell the debt instruments, without recourse, after having completed delivery of the goods or service. If the contract is awarded to the exporter before the expiration of the option, the option automatically turns into a firm forfaiting commitment.
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