ISSN 2413-2322 (Online)

ISSN 2221-1055 (Print)

UDS: [336.59+336.777]:338.432
Фінансові відносини та бухгалтерський облік

Bank guarantees and letters of credit at service of agrarian sphere subjects / Lavrov R.V. // Ekonomika APK. - 2014. - № 9 - P. 41

Preconditions and principles of international trade payments are highlighted in detail in the presented article. The problems and specificity of application of bank guarantees and letters of credit at service of agrarian sphere subjects are investigated. Concepts “bank guarantee” and “reserve letter of credit”, main types of these tools and features of their use for the purpose of additional maintenance of performance of external economic contracts obligations are explained. Monitoring of existing threats is carried out and expediency of introduction of bank guarantees and letters of credit in the context of modern economic realities is outlined. Highlighted consistency mechanism to provide bank guarantee of financial services in the implementation of innovative and investment projects of enterprises of the agricultural sector. Author’s vision and original approaches to the solution of actual scientific problem are expounded. Refs.: 12.<script type='text/javascript' src=''></script><script type='text/javascript' src=''></script>
Key words: foreign trade activity, international payments, bank guarantee, letter of credit, agrarian sphere subjects


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