A ROLE OF FAKTORING OPERATIONS IS IN MODERN FINANCIAL ARRANGEMENTS


  • N.B. Radukh Lviv national university of veterinary medicine and biotechnologies named after S. Gzhytskyj
Keywords: faktoring, account receivable, factor, liquidity, gross domestic product, money, financial resources

Abstract

In the article maintenance of faktoring operations, their role and value, is exposed in providing of effective production and financial activity of domestic enterprises. It was determined that the greatest need for factoring calculations are small and medium enterprises, which are experiencing financial difficulties due to delayed repayment of debts and debtors limited potential sources of financing. The role of factoring is to reduce payments, accelerating the turnover and the creation of a stable financial system providing industrial and economic activity. The analysis of basic indexes which characterize the modern level of the use of faktoring is conducted. Basic tasks faktoring are selected for well–to–do efficiency of financial, economic and marketing activity. The terms of faktoring are considered for agricultural enterprises, in particular possibilities and threats. Basic attention is accented on application of factoring calculations as to the instrument of activation of sale of agricultural produce and management an account receivable. However, the high risks of factoring compared to other banking products is a major obstacle to its full development in the national market of financial services. Inadequate provision of information, poor state legislation and regulation, high cost of services and the credit risk of the difficulty in finding factor holding back the development of factoring services in Ukraine. In such circumstances, the problem is particularly relevant for search and implementation of advanced technologies to minimize risks factoring operations.

 

References

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2. Basic performance of financial companies indicators and leasing [Electronic resource]. – Access mode: http://nfp.gov.ua/content/stan–i–rozvitok–finansovih.html.

3. Factoring is in the countries of the EU [Electronic resource]. – Access mode: http://ukrfactor.com/factoring_EU/.

4. Factoring market of the USA [Electronic resource]. – Access mode: http://ukrfactor.com/factoring_USA/.

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PDF Downloads: 53
Published
2016-09-07
How to Cite
Radukh, N. (2016). A ROLE OF FAKTORING OPERATIONS IS IN MODERN FINANCIAL ARRANGEMENTS. Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies. Series Economical Sciences, 18(2), 123-126. https://doi.org/10.15421/nvlvet6924
Section
Economic efficiency of production and agricultural products alteration