A model for removing blockades in the payment turnover

In the past 5-6 years a strong reform orientation of the Republic of Macedonia (RM) to improve the business climate in the country has been present. However, the economic/legal system of the Republic still has many weaknesses and limitations that does not allow the economical entities to smoothly carry out their activities and even limits their achievement of significant business results. In particular, they are manifested by the difficulties in the collection of claims. Very effective solution for overcoming the problems of (non)payment of obligations is to establish a system of automatic payment of liabilities (SAP). The basis for the introduction of this system is the introduction of a new instrument for payment or securing of payments in the RM – a debit note. It would be an instrument which is issued by the debtor at the request of the creditor in order to regulate their mutual debtor-creditor relations. The underlying logic of this instrument is the possibility to realize and/or guarantee payment of debt. It carries out the role of an off-court settlement instrument between the parties. The establishment and proper functioning of SAP would mean a kind of revolution in payment. It will increase mutual trust between the economic entities, as a result of which Macedonia will become a reliable and secure destination for the funds of investors.