THEORETICAL ASPECTS OF FUNCTIONING AND DEVELOPMENT OF FACTORING
Theoretical aspects of factoring functioning and development as a separate financial service are investigated in the article, issues of its historical origin are considered. Also, the preconditions for factoring formation were identified and detailed, its essence was determined, which was realized through the knowledge of the available approaches to determining the nature of this service, which were divided into two groups. In the paper, the tasks of factoring are systematized and the existing scientific concepts are analyzed to understand its functions, the author's position on their identification is formulated, the essence of such functions is disclosed.