BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Features and Problems of Implementing Factoring Operations in Ukraine
Smyrna O. V., Bereslavets O. A.

Smyrna, Olga V., and Bereslavets, Olena A. (2020) “Features and Problems of Implementing Factoring Operations in Ukraine.” Business Inform 1:324–330.
https://doi.org/10.32983/2222-4459-2020-1-324-330

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 5

Download article (pdf) -

UDC 339.178.3:346.34

Abstract:
The article is aimed at exploring the prospects for development of factoring services in the national financial services market, taking into account the specific conditions of the Ukrainian economy and the formation of measures for the successful development of factoring service. Factoring is a universal method of refinancing the receivables of the enterprise-supplier. In researching the essence of factoring, it was noted that this financial service has something in common with a bank credit. In the course of a comparative analysis of factoring and bank crediting it was identified that the main advantages of factoring were the lack of collateral and an additional list of services that ensured that the supplier achieves competitive benefits, and a financial institution or a specialized factoring company – an increase in the customer base by acquiring from enterprises-suppliers (sellers) the right to claim the receivables of buyers. An analysis of the factoring services market showed an increase in the popularity of factoring services, which is due to the increase in the contracts of factoring by financial and factoring companies for five years (2014–2018). However, there are still problems that constrain the demand for factoring service from domestic suppliers and slow down the development of factoring companies per se. To overcome these problems, the most important directions are the development of legislation acts that will take into account all the legal aspects of the participants in factoring operation, and the formation of an innovative list of services by factoring companies, which will improve the process of management of the enterprises’ receivables.

Keywords: factoring, bank credit, factoring market, factoring contracts.

Fig.: 1. Tabl.: 3. Bibl.: 10.

Smyrna Olga V. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Banking and Insurance, Kryvyi Rih Economic Institute of the Kyiv National Economic University named after Vadym Hetman (16 Medychna Str, Kryvyi Rіh, Dnіpropetrovsk region, 50051, Ukraine)
Email: [email protected]
Bereslavets Olena A. – Masters Student, Department of Finance, Banking and Insurance, Kryvyi Rih Economic Institute of the Kyiv National Economic University named after Vadym Hetman (16 Medychna Str, Kryvyi Rіh, Dnіpropetrovsk region, 50051, Ukraine)
Email: [email protected]

List of references in article

Donchak, L. H., and Tkachuk, T. V. “Analiz faktorynhovykh operatsii v Ukraini“ [Factoring Operations Analysis in Ukraine]. Nainovyte nauchny postyzhenyia. 2015. http://dspace.tneu.edu.ua/bitstream/316497/15494/1/Аналіз%20факторингових%20операцій%20в%20Україні.PDF
Karakoi, T. S. “Pravove rehuliuvannia faktorynhu v Ukraini yak spetsyfichnoi finansovoi posluhy“ [Legal Regulation of Factoring in Ukraine as a Specific Financial Service]. Molodyi vchenyi. 2018. http://molodyvcheny.in.ua/files/journal/2018/4/156.pdf
Momot, L. V. “Rozvytok faktorynhu v Ukraini“ [Development of Factoring in Ukraine]. Naukovi pratsi Natsionalnoho universytetu kharchovykh tekhnolohii, vol. 21, no. 2 (2015): 100-107.
“Analitychnyi ohliad rynku nebankivskykh finansovykh posluh Ukrainy za pidsumkom 2015 roku“ [Analytical Review of the Non-banking Financial Services Market in Ukraine as of 2015]. Natsionalne reitynhove ahentstvo «Riurik», 2016. http://rurik.com.ua/documents/research/non_banks_4_2015.pdf
“Analitychnyi ohliad rynku nebankivskykh finansovykh posluh Ukrainy za 2017 rik“ [Analytical Review of the Non-bank Financial Services Market of Ukraine for 2017]. Natsionalne reitynhove ahentstvo «Riurik», 2018. http://rurik.com.ua/documents/research/non_banks_2017.pdf
“Pidsumky diialnosti finansovykh kompanii ta yurydychnykh osib (lizynhodavtsiv) za 2018 rik“ [Results of Activities of Financial Companies and Legal Entities (Lessors) for 2018]. Ofitsiinyi sait Natsionalnoi komisii, shcho zdiisniuie derzhavne rehuliuvannia u sferi rynkiv finansovykh posluh. https://nfp.gov.ua/files/OgliadRinkiv/FK/FK_IV%20kv_2018.pdf
Volianska, L. O. “Stan i perspektyvy rozvytku faktorynhu v Ukraini“ [Status and Prospects of Factoring Development in Ukraine]. http://libfor.com/index.php?newsid=3288
“Faktorynh po-ukrainsky: shcho strymuie zrostannia?“ [Factoring in Ukrainian: What is Holding Back Growth?]. Tsentr ekonomichnykh doslidzhen ta prohnozuvannia «Finansovyi puls». 26.09.2018. http://finpuls.com/ua/financial/reviews/news/Faktoring-po-ukranski-shcho-strimu-zrostannya.htm
Furman, I. V. “Protses formuvannia rynku faktorynhovykh posluh v Ukraini: problematyka ta shliakhy rozshyrennia“ [The Process of Formation of the Factoring Market in Ukraine: Current Issues and Ways of Broadening]. Ekonomichni nauky. Seriia «Oblik i finansy», no. 10 (4) (2013): 348-354.
[Legal Act of Ukraine] (2003). https://zakon.rada.gov.ua/laws/show/435-15

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster