Factoring Contract – Short Term Financing Technique
Factoring Contract – Short Term Financing Technique

Summary/Abstract: We aimed in this study an analysis of the factoring contract which, by the advantages it offers, has become a technique of short-term funding becoming more attractive to clients of banks, non banking financial institutions and of commercial companies that have as object of activity factoring operations. Thus, in the last five years, Romanian factoring market grew by over 100%, and in 2015 recorded the highest growth in Europe (35%), reaching 3.65 billion Euros. The factoring market has started to develop since 1993 through specialized departments of banks and in 2006 were established specialized nonbanking financial institutions. Currently, on the Romanian factoring market there are 15 players.

• Details
• Contents