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A hitel-kölcsön, a lízing és a faktoring ügyletek nemzetközi szabályai
[The International Rules of Crediting-Lending, Leasing and Factoring Transactions]

Author

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  • Vértesy, László

Abstract

The study shows the international relations of the main financial transactions. In the globalised banking and financial life there are three way of financing: i) money-based financing (crediting, lending) ii) equipment-based financing (leasing) and iii) asset-financing (factoring). Each bears a national character either, which have been exposed in the comparative parts, where the prestigious civil codes (Code Civil, Bürgerlishes Gesetzbuch, Codice Civile) and of course the Hungarian Civil Code processed. All of this transaction has international regulations. For crediting and lending there are the the Rules for International Standby Practices (ISP98 or ICC 590) and the very new Uniform Customs and Practice for Documentary Credits (UCP 600) from 2007. The UNIDROIT prepared the Convention on International Financial Leasing and International Factoring in Ottawa 1988. The European Union is still unable to create a common private law or civil code, only the consumer loan, credit regulated. The tendencies in Hungary are in connection with the codification of the new Civil Code. This shall be the first civil code in Europe which apprises and contains rules for leasing and factoring.

Suggested Citation

  • Vértesy, László, 2009. "A hitel-kölcsön, a lízing és a faktoring ügyletek nemzetközi szabályai [The International Rules of Crediting-Lending, Leasing and Factoring Transactions]," MPRA Paper 88178, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:88178
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    More about this item

    Keywords

    credit; loan; leasing; factoring; financing; international financing;
    All these keywords.

    JEL classification:

    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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