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- Title
КРЕДИТНОТО ОСИГУРУВАЊЕ НАСПРОТИ АКРЕДИТИВОТ, КАКО ИНСТРУМЕНТИ ЗА ЗАШТИТА НА ФИНАНСИСКИТЕ ТРАНСАКЦИИ
- Authors
PETRUSHEVA, Nada
- Abstract
The importance and necessity for using instruments for financial transactions are enormous, as competition in the global market is forcing business entities to offer more favorable conditions in terms of delayed payment and credit sales, which inevitably increases the level of risk to the timely fulfillment of obligations by the buyer – borrower. International business transactions are realized in far more complex conditions than those present on the domestic market, and therefore participants in the international trade are faced with the dilemma whether to use letter of credit or credit insurance when securing financial transactions. The comparative analysis in this paper confirms the advantage of using credit insurance before using documentary credit as an instrument for securing foreign claims of exporters, on the basis of export realized overseas. Credit insurance levels the differences with regards to the degrees of risk in both contracting parties, and is therefore considered as the most optimal and most economical solution for adequate assurance when performing international trade transactions, both in terms of payment and delivery of goods, which guarantees that the interests of the exporter and the importer are being met.
- Publication
Vizione, 2016, Vol 25, p347
- ISSN
1409-8962
- Publication type
Article