Banking. Commercial loan (CC) (most important)

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Banking. Commercial loan (CC) (most important)

Lecture notes, cheat sheets

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Topic 2. Commercial loan (CC)

Practically one of the first forms of credit relations in the economy, which gave rise to the circulation of bills and thereby actively contributed to the development of non-cash money circulation, and represent financial and economic relations between legal entities in the form of sales of products or services with deferred payment. The main goal of QC is to accelerate the process of selling goods, and therefore, making a profit. The CC instrument is a promissory note expressing the financial obligations of the borrower towards the lender. The most widespread are 2 forms of bills:

1) Promissory note - a direct obligation of the borrower to pay a specified amount directly to the lender

2) Transferable - a written order to the borrower on the part of the creditor to pay the specified amount to a third party, or to the bearer of the oar

3) A standard contract between a supplier and a consumer, which regulates the procedure for paying for products sold.

QC differs from a bank loan:

▪ the role of creditor is not from specialized credit and financial organizations, but from any legal entity;

▪ is provided exclusively in commodity form; -

▪ the average cost of a CC is always lower than the average bank rate;

▪ when the transaction is legally completed between the lender and the borrower, the fee for this loan is included in the price of the product.

In Russia, this form of lending has until recently been limited to the scope of circulation.

The obstacle for QC is: high rates of inflation; non-payment crisis; insecure partnerships. Currently there are 3 types of QC:

1) Loan with fixed maturity

2) A loan with a return only after the actual sale by the borrower of the goods supplied in installments

3) Lending on an open account, when the delivery of the next batch of goods is carried out until the debt on the previous delivery is paid off.

Relations between legal entities for the sale of goods and services: with deferred payment; with installment payment; with advance payment; with advance payment (Sources of business financing.

Authors: Shevchuk D.A., Shevchuk V.A.

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