Prednosti in slabosti faktoringa ter njegova pravna ureditev

Nahtigal, Domen (author), Štiblar, Franjo (mentor)

Faktoring je finančna storitev, ki podjetjem zagotavlja likvidnost oz. stalni denarni tok. Storitev je v Sloveniji med podjetji, zlasti malimi, slabo poznana. Številna podjetja še vedno ne razumejo delovanja faktoringa in se ne zavedajo vseh pozitivnih učinkov, ki jih prinaša. Faktoring se zaradi visokih stroškov pogosto enači z oderuškim posojilom. Da bi razumeli ali to drži ali ne, se moramo najprej seznaniti z različnimi vrstami in principi delovanja faktoringa, čemur je namenjen prvi del magistrske naloge. V nadaljevanju magistrske naloge je predstavljena pravna ureditev faktoringa v Sloveniji. Faktoring spada na področje obligacijskega prava, kjer prevladujeta načelo pogodbene avtonomije in načelo dispozitivnosti. Stranke tako razmerje oblikujejo bolj ali manj svobodno, kar je tudi razlog za obstoj tolikšnega števila različnih vrst faktoringa in razlog, da različni ponudniki faktoringa pogosto celo isto vrsto faktoringa razumejo različno. Faktoring ima veliko prednosti, tako za faktorja kot odstopnika, a tudi nekaj slabosti. Za faktorja zagotovo ni primerna oseba, ki se želi za vsako ceno izogniti tveganju. Vsaka faktorinška družba se namreč slej ko prej sooči z izgubami, saj so le-te sestavni del posla. Pri uspešnem faktorju prevladujejo dobički, s katerimi faktor brez težav pokriva posamezne izgube. V zaključku magistrske naloge je predstavljen faktoring kot alternativni način investiranja ter ocena, kakšne donose bi dosegal sklad, ki bi investiral izključno v odkupovanje terjatev.

• Language: Slovenian
• Keywords: faktoring, likvidnost, denarni tok, tveganje, finančni instrumenti, regulacija faktoringa, alternativni načini investiranja
• Work type: Master's thesis/paper
• Organization: PF - Faculty of Law
• Year: 2017
• PID: 20.500.12556/RUL-94832
• COBISS.SI-ID: 15777361
• Publication date in RUL: 08.09.2017

Secondary language

• Language: English
• Title: Advantages and disadvantages of factoring and its regulation

Abstract

Factoring is a financial transaction which provides companies liquidity and access to the constant cash flow. Transaction is not very well known among Slovenian companies, especially small ones. Many companies still don’t understand how factoring works and what positive benefits it has. Because factoring is expensive it’s often equated with outrageous loan. To understand if this is true or not we firstly have to understand various types and basic concepts of factoring which is a first topic of the master ̓s thesis. Second part of the master ̓s thesis presents the legal regulation of factoring in Slovenia. Factoring is a part of the law of obligation where principles of contractual autonomy and dispositivity are very important. Parties are more or less free to create a relationship what is also a reason that there are so many different types of factoring and a reason that even the same type is defined different among diferent factoring providers. Factoring has a lot of advantages, for factor and factoring client, but also some disadvantages. A person who is afraid of losing and would do everything to avoid risk is definitely not suitable for a factor. Losses are an integral part of this business and sooner or later every factor has one. Profits prevail if a factor is sucessful which allows factor to easily cover individual losses. The end of the master ̓s thesis discusses factoring as an alternative investment vehicle and evaluates what kind of returns would earn the fund which would be solely investing in purchase of receivables.

• Keywords: factoring, liquidity, cash flow, financial instruments, factoring regulation, alternative investments