+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

History of factoring: transactions from agent to commercial finance industry

Vol. 19, Iss. 35, SEPTEMBER 2013

Available online: 25 September 2013

Subject Heading: PAGES OF HISTORY

JEL Classification: 

Kanayev A.V. Doctor of Economics, Professor, the Department of Credit Theory and Financial Management, the St-Petersburg State University
tcfm@econ.pul.ru

Sinitsa E.A. Graduate Student, the Department of Credit Theory and Financial Management, the St-Petersburg State University
tcfm@econ.pul.ru

The article is devoted to the poorly studied processes of origin, formation and development of the factoring and factoring relationship. For the first time in our literature the authors investigate the historical original forms of instruments and institutions that form the conceptual framework of modern factoring as complex commercial and financial services provided by factor or bank to their clients. As the key moment the analysis of an origin of the turned contract law of the requirement from transactions of the commercial credit and the elementary agency relations connected with its sale and collection serves. Factoring evolution is traced up to formation of the modern industry of commercial financing.

Keywords: factors, factoring, agents, agent relationships, commission trade, international trade, account receivables, account receivables financing, trade credit, banks, commercial finance companies.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3
March 2024

Archive