Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat LCCN Permalink Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
History of factoring: from agency transactions to commercial finance industry
Available online: 8 October 2013 Subject Heading: PAGES OF HISTORY JEL Classification:
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 |
ISSN 2311-8709 (Online)
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