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Kazanskaya N.N., Zinovieva L.K.
Development of factoring operations in the Russian market
Keywords: factor, factoring operations, assignment of a monetary claim, factoring portfolio, multifactor platforms, accounts receivable
The purpose of this study is to assess the level and prospects of factoring development in Russia based on the study of the regulatory framework and key indicators of the Russian factoring market. Materials and methods. The main methods were a comparative analysis of the indicators of the development of the factoring market in the regions of Russia and a retrospective analysis of the total factoring portfolio in the conditions of the Russian economy. Results. Within the framework of this study, the regulatory framework regulating factoring operations is analyzed. The varieties of factoring have been studied and grouped according to the corresponding characteristics. The analysis of key indicators of the Russian factoring market is carried out. As a result, their changes in dynamics are revealed. Analysis of the structure of the factoring portfolio allows us to conclude that the share of assets under contracts without recourse is increasing, which is understandable, since suppliers in a crisis period try to avoid the risk of default of the buyer. Also, the analysis allowed us to state that the main factoring transactions were made between suppliers and buyers from Russia. In addition, geographical features of factoring development in the Russian market are analyzed. It was revealed that it was most widespread in Moscow, the Central and Ural Federal Districts. The varieties of digital platforms for factoring operations have been studied. A comparative analysis of the quality of functioning of online factoring platforms in the Russian market is carried out. Conclusions. The Russian factoring market can be called very promising from the point of view of development within the regions of Russia. Moreover, there is a formation of the factoring market using mainly contracts without recourse. It was also revealed that the largest players in this market are subsidiaries of large domestic banks. This trend will continue in the near future in accordance with the specifics of the Russian factoring market. In addition, the prospects for the development of this market include the active development of online factoring platforms.
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About authors
- Kazanskaya Natalia N.
- Candidate of Economics Sciences, Associate Professor, Department of Economics, Russian Academy of National Economy and Public Administration, Russia, St. Petersburg (kazanckaia@yandex.ru; ORCID: https://orcid.org/0000-0003-1681-4730)
- Zinovieva Lyudmila K.
- 3rd year Student, Faculty of Economics and Finance, Russian Academy of National Economy and Public Administration, Russia, St. Petersburg (mila.zinovyva@gmail.com; ORCID: https://orcid.org/0009-0000-3461-7103)
Article link
Kazanskaya N.N., Zinovieva L.K. Development of factoring operations in the Russian market [Electronic resource] // Oeconomia et Jus. – 2023. – №3. P. 36-44. – URL: https://oecomia-et-jus.ru/en/single/2023/3/4/. DOI: 10.47026/2499-9636-2023-3-36-44.
