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- Title
RECENT MODIFICATIONS TO THE DEBIT PAYMENT INSTRUMENT IN ROMANIA: A COMPARATIVE SYNOPTIC APPROACH.
- Authors
Adela, Socol; Mihaela, Turta Irina
- Abstract
This study is aimed to describe the actual stage and the developing opportunities for settlement of the debit payment instruments in Romania. We present the settlement system of the debit payment instruments during the period 1999 until present. We underline the actual stage of the compensation of the debit payment instruments through Transfond and comparatively with the description of the automatic process of the debit payment instruments. We examine the technical ways to preparing the debit payment instruments, especially the two proposals for operating the debit instruments through truncation - the truncation at the source and the flexible truncation method.
- Subjects
ROMANIA; COMMERCIAL law; COLLECTING of accounts; DEBT service; DEBTOR &; creditor; CONTRACT proposals; FINANCIAL services industry; FINANCIAL management; FINANCIAL planning
- Publication
Annals of the University of Oradea, Economic Science Series, 2008, Vol 17, Issue 3, p842
- ISSN
1222-569X
- Publication type
Article