“FINANCIAL FACTORING”

Abstract

This master thesis aims importance of product factoring in bank, respectively for the type of factoring financing. Among the new forms of financing is factoring forms for the supply of the necessary tools through the sale of short-term requirements. Factoring helps our clients in selling their products, especially when it comes to promotions of new or changed products in which case their clients are not confident in the success of the product. Factoring represents a transfer request exporters to factoring companies that advance funds during export of goods of relatively small value or limited amount of export. The exporter is credited in the short term, until the rest of the remainder is left available when the buyer receives the goods by minimizing the interest and provision. Once that has to do with short-term financing the aim of the factoring management is that every work or other activities carried out in a more successful and profitable way. Management of factoring is usually involved in banking financial institutions. Banks are financial institutions that in a global order deal with the trading money and money surrogates, with the sole purpose of their capital to complete in those segments and economic activities which bring maximizing profit and minimum risk. In such cases the gaining of credit goes to the support factor (exporter). Full factoring, but with higher provision may also include the following works: correspondence, cash flow, debt collection, market research etc. These are very important work specifically for exporting small economic entities, which in many cases and for many reasons, cannot do this work alone (accounting works). I finally express special thanks to my mentor Prof. Dr. Tefik Halili, the cooperation and suggestions given on the occasion of the elaboration of this master thesis.