THE USE OF A STRUCTURED FINANCIAL PRODUCT ON THE BASIS OF THE SWAP USING ESCROW ACCOUNTS
- Authors: Ponomareva I.V.1
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Affiliations:
- Department of Economics and financial law, Branch of Russian state social University in the city of Togliatti, Togliatti, 445057, Russian Federation.
- Issue: Vol 5, No 8 (2014)
- Pages: 132-138
- Section: ECONOMICS
- URL: https://journals.ssau.ru/eco/article/view/5554
- DOI: https://doi.org/10.18287/2542-0461-2014-0-8-132-138
- ID: 5554
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Abstract
The article discusses the mechanism of a structured financial product on the basis of the swap with the use of escrow accounts, aimed at ensuring the financing of export-import operations of Russian companies. The mechanism enables the realization of the goals for each participant, and ensuring they receive timely payment and uninterrupted movement of financial flows.
About the authors
I. V. Ponomareva
Department of Economics and financial law, Branch of Russian state social University in the city of Togliatti, Togliatti, 445057, RussianFederation.
Author for correspondence.
Email: morenov.sv@ssau.ru
References
- Aupov A.A. Design and implementation of innovative financial products. М.: NOTA BENE, 2007. [in Russian]
- Anisimova U.A. The definition of the economic category of «structured Finance product»// Economy: the realities of the time. 2013. № 3(8). pp. 124»130. [in Russian]
- California Financial Code // Official California Legislative Information. URL: http://www.leginfo.ca.gov (date of access: 20.05.2014)
- The new civil code: the future of contract and contractual law// Economy and life. 2013. № 10 (9476), pp. 4—8. [in Russian]
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