Development of factoring and forfeiting operations to improve the efficiency of the economy and business in Russia
Annotation
The research of application of factoring and forfeiting operations in Russia and abroad is conducted in this article. The experience in the use of factoring and forfeiting in the domestic and foreign economy showed that the application of factoring and forfeiting in the internal and external trade is relevant today, as these operations are provided by the acceleration of the movement of working capital enterprises, which contributes to improvement of their financial condition. At the same time directly from the light of contemporary realities - the globalization of markets, consolidation of production, these operations contribute to the development and strengthening of relationships between entities. The conducted analysis of the legal framework has demonstrated that the content of the studied types of calculations is not indicated clearly enough, so it is necessary to justify their content for the efficient use of these types in the economy and business activities. The author of the article points out that factoring is a financial service rather than one-off transaction, which requires a clearer legislative and economic framework for the implementation of those operations and management the risks, associated with them. Credit institutions must have sufficient cash resources that would allow to implement factoring and forfeiting operations. Investigation of the mechanism of using forfeiting in Russia revealed the lack of development of forfeiting services. It was concluded that the Russian financial lending institutions are not ready to take on the investment risks associated with those operations. However, assignment of the claim gives trade relations more stable position in countries with the developed market economy. In addition, regularities and specific features of factoring and forfeiting markets were revealed and the reasons hindering their use in economics and economic practice were provided in this article. Tags: factoring, forfeiting assignment of the claim of monetary funds, bill of exchange, commercial credit, export operations
Keywords
Постоянный URL
Articles in current issue
- New concept of research of modern economic system
- Innovation environment as a significant factor in the formation of an innovative economy: an institutional approach
- Development of factoring and forfeiting operations to improve the efficiency of the economy and business in Russia
- Environmental, economic and social aspects of the domestic backbone enterprises’ functioning as a factor of sustainable development at the territories
- Methodological basis for the formation of a typology managerial innovations
- Organizational methods and mechanisms of scenario management of higher education institutions in the region
- Efficiency of a firm social package: opinion of employees
- Methodicalsupportofdevelopmentof innovative industrial development strategy of the Corporation
- Methodology of ecological and technological norm setting of load to environment within territorial natural technical complex
- Topical issues of regulation of waste production and consumption
- Role of natural resources in the sustainable development of the region
- Traditional approach to essence and the role of real and financial sectors of economy
- Using outsourcing for Innovative technologies distribution in social sphere
- The phenomenon of corporate culture: diagnostic status and methods of change
- Branch information and education space as factor of development of a tourist and recreational zone
- Development of public-private partnership in the region: organizational legal mechanism
- Tax risk as an integral part of business risk
- Integration problems of the educational system and the labor market for the creation of employees for the innovative Russian economy
- The problem of clearance and disposal of radioactive waste
- Analysis of change of cost of food in the Russian Federation
- Environmental externalities costs of the functioning of modern economic complex of the South of Russia
- Investment activity of russian enterprises
- Actual problems of management of innovations at the enterprises of small business
- Regional economic policy: new priorities in terms of foreign economic sanctions
- Ecological initiatives: social effect evaluation
- A new phase of global development - intellectual front
- Methodology of a quantitative assessment of the cumulative financial and economic damage from the corruption
- Mechanisms for the effective functioning of the University in modern conditions
- Dynamics of construction waste recycling in Saint-Petersburg
- The Results of Environmental Investigation of Waste Water Facilities for Production of Aluminum Beverages for Containers
- Current status and trends of innovation sectoral economic systems in industrialized countries
- The Economic Behavior of Insurance Market Participants in Relation to Unemployment Insurance: A Sociological Approach
- The future application of new sorption materials for improving the ecological condition of water resources
- Institutional analysis of the concepts of entrepreneurship
- Innovation processes in the economy: a retrospective analysis of the concepts