Main trends of factoring market development at present economic conditions
The authors analyze main development trends at global, European and Russian factoring market. The analysis results have demonstrated that the market of factoring services was developing very dynamically up to 2014, but its development is restricted by certain economic conditions. The research results have shown that factoring services cover only a small fraction of accounts receivable (for example, in Russia only 1.9 % of undue receivables were covered by factoring in 2015). The authors propose some ways to increase factoring efficiency including the consideration of specific business features of clients and factoring institutional structure development.