| F.A.S. |
|---|
| Free Alongside Ship. A delivery term under which the seller provides his goods alongside a named vessel at a named port. Refer to INCOTERMS for standard definition. |
| F.O.R. |
|---|
| Free On Rail. A delivery term under which the seller delivers his goods to a railway authority at a named place. Refer to INCOTERMS for standard definition. |
| F.O.T. |
|---|
| Free On Truck. A delivery term similar in meaning to F.O.R. Refer to INCOTERMS for standard definition. |
| FACE VALUE |
|---|
| A term used in Forfaiting to mean the total value of future cash flows due under a payment instrument such as a Bill of Exchange or Promissory Note. Usually means the total of principal and interest. |
| FACTORING |
|---|
| Advancing funds against future short term trade receivables, usually With Recourse. Can differ from simple Invoice Discounting because of additional services, such as sales ledger management which the factor company may provide. |
| FORCE MAJEURE |
|---|
| A legal term meaning beyond the control of the parties [to a commercial contract]. |
| FORWARD COVER |
|---|
| To buy or sell a foreign currency in advance of its receipt or payment. Usually used to control foreign currency risk. |
| FORWARDING AGENT |
|---|
| A firm which organises and arranges for the carriage of goods. |
| FRA |
|---|
| Forward Rate Agreement. |
| FRONT END FEE |
|---|
| A fee paid to bankers for setting up a transaction, usually payable before or shortly after funds are drawn. |
| FTSE |
|---|
| Financial Times Stock Exchange, the name of several London Stock Market equity indices such as the FTSE 100, FTSE 250 etc. |
| FULL SET |
|---|
| A term often used in the context of documents to be presented under a Letter of Credit. A Full Set of Clean On Board Bills of Lading, means all of the originals Issued. |
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