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Traditional and Modern Techniques of Transferring the Benefit of the Credit Insurance Contract in International Trade

Author

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  • Gavrilã Simona Petrina

    („Dunãrea de Jos” University Galaþi, Faculty of Legal, Social and Political Sciences)

Abstract

Credit, the key word in today's society, considered as a control element of the market economy has its reverse: the risk. The risk is itself diverse: the risk of non-payment, the risk of late payment due either to bankruptcy to the debtor or natural, political, etc. events. If, in general, banks have at hand means pertaining to bank management or the use of complex financial techniques to prevent internal risks, to prevent the risk of non- payment and the risk of late payment, one of the most effective tools is to provide loans.

Suggested Citation

  • Gavrilã Simona Petrina, 2011. "Traditional and Modern Techniques of Transferring the Benefit of the Credit Insurance Contract in International Trade," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 460-464, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:460-464
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    More about this item

    Keywords

    credit insurance; international trade; securitization.;
    All these keywords.

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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