درخت حوزه‌های تخصصی

Forfaiting, as one of the modern instruments of international trade finance, enables the conversion of medium- and long-term receivables into immediate liquidity while transferring the full spectrum of political, commercial, and credit risks to financial institutions. This method has played a significant role in facilitating transactions and enhancing the competitiveness of exporters in many countries, particularly in emerging economies. Despite these advantages, no clear institutional and legal framework has yet been developed for its implementation in Iran, and the existing research has largely been confined to theoretical and legal aspects. This gap highlights a critical research necessity, the examination of which can contribute to financial and trade policymaking in the country. The purpose of the present study is to assess the feasibility of establishing a forfaiting institution in Iran’s financial market and to analyze its effect on reducing investment risk. The research is applied in nature and conducted through a descriptive–survey method. The statistical population consisted of 152 experts in the monetary and banking sector as well as financial market practitioners, with data collected using a structured questionnaire. The validity of the instrument was confirmed by experts and statistical criteria, while its reliability was verified through Cronbach’s alpha and composite reliability values exceeding 0.7. The collected data were analyzed using SPSS (version 24) and SmartPLS software. Within this framework, four main dimensions—risk reduction, risk coverage, operational mechanism, and institutional framework—were examined as determinants of the feasibility of forfaiting.