Naslov
Factoring and Forefeiting in Slovakia and Possiblities of its Application in Wood-Working Industry

Autori
Sedliačikova, Mariana ; Volčko, Ivan ; Jelačić, Denis

Izvornik
Drvna industrija : znanstveno-stručni časopis za pitanja drvne tehnologije (0012-6772) 65 (2014), 1; 51-57

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, pregledni rad, znanstveni

Ključne riječi
factoring; Association for Factoring Companies; forfeiting; receivables; purchase of receivables; discount

Sažetak
Factoring is the contract negotiated continuous purchase of short-term debts, which incurred to the supplier due to the provision of unsecured credit supply. Factoring belongs to the methods of financing that can offer a lot to businesses, especially with its added value. This method mainly includes protection before insolvency of customers, management of claims, as well as the opportunity to dispose the funds before the end of the maturity of the claim. Forfeiting is the purchase of claims by export on credit at the time of delivery. It is related to claims with the future maturity denominated in freely convertible currency, and which are secured with bank avail bill, letter of credit with deferred payment or a bank guarantee. The conditions, under which each company provides forfeiting, depend essentially on the creditworthiness of the applicant and the customer, as well as the creditworthiness of the bank, which issued the ensuring instrument. The aim of the presented paper is to analyze the factoring and forfeiting market in Slovakia and based on the analysis of this issue from the perspective of theory and praxis to propose and verify the possibilities of factoring and forfeiting financing in the selected wood-working company with the estimation of costs associated with their use.

Izvorni jezik
Engleski

Znanstvena područja
Drvna tehnologija

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