Self-government’s factoring
Local self-governments are reliable business partners. Such belief, confirmed by long-term experience, results in eager collaboration between financial institutions and these entities. Contrary to its name, local self-governments do not constitute the main beneficiaries of the self-government’s fact...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
WSB University in Torun
2011-12-01
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| Series: | Torun Business Review |
| Subjects: | |
| Online Access: | https://tbr.wsb.torun.pl/index.php/journal/article/view/171 |
| _version_ | 1819208980497432576 |
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| author | Maciej Tokarski |
| author_facet | Maciej Tokarski |
| author_sort | Maciej Tokarski |
| collection | DOAJ |
| description | Local self-governments are reliable business partners. Such belief, confirmed by long-term experience, results in eager collaboration between financial institutions and these entities. Contrary to its name, local self-governments do not constitute the main beneficiaries of the self-government’s factoring. The enterprises which perform investments commissioned by a local commune, district or province are the principal recipients. Such firms may utilise it independently if they have signed contracts with the proper authority and conduct sale with deferred payment, or they may be forced to utilise factoring when they submit their bids in self-government’s tenders within which a refinance guarantee is required. The main aim of the article is to present the mechanism and features of the self-government’s factoring, as well as the benefits which the entities involved enjoy. |
| first_indexed | 2024-12-23T05:48:00Z |
| format | Article |
| id | doaj.art-3efa8be34a104bb1987025dfb83a2e9e |
| institution | Directory Open Access Journal |
| issn | 1643-8175 2451-0955 |
| language | English |
| last_indexed | 2024-12-23T05:48:00Z |
| publishDate | 2011-12-01 |
| publisher | WSB University in Torun |
| record_format | Article |
| series | Torun Business Review |
| spelling | doaj.art-3efa8be34a104bb1987025dfb83a2e9e2022-12-21T17:58:02ZengWSB University in TorunTorun Business Review1643-81752451-09552011-12-011010197208113Self-government’s factoringMaciej Tokarski0WSB University in Torun ul Młodzieżowa 31a 87-100 ToruńLocal self-governments are reliable business partners. Such belief, confirmed by long-term experience, results in eager collaboration between financial institutions and these entities. Contrary to its name, local self-governments do not constitute the main beneficiaries of the self-government’s factoring. The enterprises which perform investments commissioned by a local commune, district or province are the principal recipients. Such firms may utilise it independently if they have signed contracts with the proper authority and conduct sale with deferred payment, or they may be forced to utilise factoring when they submit their bids in self-government’s tenders within which a refinance guarantee is required. The main aim of the article is to present the mechanism and features of the self-government’s factoring, as well as the benefits which the entities involved enjoy.https://tbr.wsb.torun.pl/index.php/journal/article/view/171Local government factoring, Local self-governments, factoring |
| spellingShingle | Maciej Tokarski Self-government’s factoring Torun Business Review Local government factoring, Local self-governments, factoring |
| title | Self-government’s factoring |
| title_full | Self-government’s factoring |
| title_fullStr | Self-government’s factoring |
| title_full_unstemmed | Self-government’s factoring |
| title_short | Self-government’s factoring |
| title_sort | self government s factoring |
| topic | Local government factoring, Local self-governments, factoring |
| url | https://tbr.wsb.torun.pl/index.php/journal/article/view/171 |
| work_keys_str_mv | AT maciejtokarski selfgovernmentsfactoring |