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FORFEITING MECHANISM AS ONE OF PERSPECTIVE FORMS OF THE INTERNATIONAL FINANCING CHAINS

Journal: GISAP: Economics, Jurisprudence and Management (Vol.1, No. 1)

Publication Date:

Authors : ;

Page : 67-68

Keywords : finance; forfeiting; factoring; bill of exchange; drafts; letters of credit;

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Abstract

Development of the world market with its numerous sectors involves development of forfeiting in Russia. The main objective of this publication is to give the detailed description of forfeiting transactions. Generally forfeiting is practically applicable in any branch at the stage of getting onto new markets where payment risks are still unidentified or unacceptable for the exporter.

Last modified: 2014-08-21 20:31:32