Vestnik Samarskogo universiteta. Ekonomika i upravlenie Vestnik of Samara University. Economics and ManagementVestnik Samarskogo universiteta. Ekonomika i upravlenie Vestnik of Samara University. Economics and Management2542-04612782-3008Samara National Research University552110.18287/2542-0461-2014-0-6-166-173UnknownFACTORING AND FACTORING RELATIONS IN THE FINANCIAL SYSTEMEmel’ianovV. Y.morenov.sv@ssau.ruthe Dept. of Finance, Credit and Banking, Moscow State University of Economics, Statistics and Informatics, Moscow, 119501, Russian Federation.01062014561661731901201819012018Copyright © 2018, Vestnik of Samara University. Economics and Management2018<p>In this article the author defines the place of factoring and factoring relationships within the financial system. Various scientific approaches to the definition of factoring in modern economics are identified. The influence of factoring relations on subjects of various levels of economy and their features are defined. It is proved that factoring promotes development of trade relations on all levels of economy. Features and advantages of factoring for principal participants of factoring transaction: suppliers, buyers and financial institutions are singled out. Advantages of factoring as a form of business for banks and factoring companies are described.</p>factoring, factoring market, factoring relations, financial systemфакторинг, рынок факторинга, факторинговые отношения, финансовая система[1. Concise dictionary of economist. M., Infra-M, 2007 [in Russian]][2. Burova M.E. Factoring. M., А/О «Yaponiia segodnia» i Bank «AIRBank», n.d., p.5. [in Russian]][3. Krivyakov S.V. World economy. Study guide. Tomsk, 2011, 74 p. [in Russian]][4. Sokolova Yu.A. Factoring: schoolbook. Goncharuk O.V. (ed.). SPb., SPBGIEU, 2005. [in Russian]][5. Tavasiev А.М. Banking. Additional operations for clients. М., Finansy i statistika, 2005, p. 147 [in Russian].][6. О.I.Lavrushin (ed). Banking. М., Finansy i statistika, 2005, 120 p. [in Russian]][7. Lushin S.I., Slepov V.A. Finance: Textbook. М., Ekonomist, 2007, p. 104. [in Russian]][8. Nikiforov А.V., Nikiforova S.V. Factoring: schoolbook. Saint-Petersburg University of Economics and Finance, the Dept. of Banking. SPb., Izdat-vo SPbGUEF, 2007. [in Russian]][9. Pokamestov I.Е., Lednev M.V. Factoring: schoolbook. М., INRFRA-М, 2011, 89 p. [in Russian]][10. Financial and credit encyclopedic dictionary. М.: Finansy i statistika, 2002. [in Russian]][11. Lavrik M.Yu. Effektivnost’ faktoringovykh operatsii rossiiskikh kommercheskikh bankov: avtoreferat dissertatsii na soiskanie uchenoi stepeni kand. ekon. nauk: 08.00.10 [Efficiency of factoring operations of Russian commercial banks: Extended abstract of Candidate’s of Economics thesis: 08.00.10]. М., 2005.][12. Lednev M.V. Upravlenie konkurentosposobnost’iu faktoringovoi kompanii: dissertatsiia kand. ekon. nauk: 08.00.05 [Management by competitiveness of factoring company: Candidate’s of Economics thesis: 08.00.05]. М., 2009, p. 12. [in Russian]][13. Lefel A.O. Faktoring kak instrument finansirovaniia oborotnykh sredstv predpriiatii: dis. ... kand. ekon. nauk: 08.00.10. [Factoring as a tool for working capital financing of enterprises: Candidate’s of Economics thesis: 08.00.10]. Moscow, 2006, 200 p.][14. Pokamestov I.E. Effektivnaia organizatsiia faktoringovogo biznesa: dis. kand. ekon. nauk [Effective organization of factoring business: Candidate’s of Economics thesis]. М., 2006, 172 p. [in Russian]][15. Borisyak D. Factoring matured and slowed in Vedomosti, no. 6(3510). 20.01.2014. Available at: http://www.vedomosti.ru.][16. Data of EU Federation for the Factoring and Commercial Finance Industry. Available at: http://www.euf.eu.com/total-factoring-volume/facts-and-figures/total-factoring-volume/ menu-id-24.html.][17. Russian factoring market in 2012: went on niches, «Expert RA», 2013. Available at: http://raexpert.by/related_activities/researches/factoring/.]