A characteristic feature of our time is the development of regional economic and monetary integration, primarily in Western Europe. The mechanism of currency integration includes a set of monetary and credit methods of regulation, through which the convergence and mutual adaptation of national economies and monetary systems are carried out. In December 1991, in Maastricht, […]
Tag: rate
Factoring as a method of lending to foreign economic activity
Factoring is a type of trade and intermediary operation combined with lending to the client’s working capital, and represents the purchase by a specialized company (special department of the bank) of the exporter’s monetary claims against the importer, followed by collection. Factoring is based on “discounting invoices”, i.e. purchase by a factoring company of customer […]
Basic conditions for international settlements
International commercial and banking practice has developed a number of ways to resolve mutual monetary claims and obligations in the field of international economic relations. Moreover, the implementation of these methods provides for determining the moment of transfer and payment of goods: immediately or with a deferred payment. Such a point determines the conditions of […]